Asked by Morgan Kollman on May 28, 2024
Verified
According to age-earnings data,
A) lower-educated workers have similar earnings at age 65 as higher-educated workers.
B) investments in education result in higher earnings.
C) high earnings are due to motivation and innate ability,rather than education.
D) there is no clear relationship between education and worker productivity.
Age-Earnings Data
Information that correlates individuals' ages with their earnings to analyze economic patterns.
Higher-Educated Workers
Employees who have completed advanced levels of formal education, typically resulting in higher skill levels and wages.
- Comprehend the role of investments in education on future earnings and productivity.
Verified Answer
NH
Nor Hafiz BahariMay 28, 2024
Final Answer :
B
Explanation :
The statement "investments in education result in higher earnings" is supported by the age-earnings data. It is shown that higher-educated workers earn more than lower-educated workers.
Learning Objectives
- Comprehend the role of investments in education on future earnings and productivity.