Asked by Manisha Reddy on May 07, 2024
Verified
Which of the following factors is not relevant in explaining the persistence of wage differentials?
A) Labor immobility.
B) Compensating differences.
C) Free public education.
D) Noncompeting groups.
Wage Differentials
The variations in wage rates due to factors such as occupation, industry, location, and skills level.
Labor Immobility
A situation where workers find it difficult to move between jobs or geographical locations, often due to skills, qualifications, or other barriers.
Compensating Differences
Wage differentials that compensate employees for the desirability or undesirability of a job due to various factors, such as risk, effort, or location.
- Understand the factors contributing to wage differentials and their persistence in labor markets.
Verified Answer
Learning Objectives
- Understand the factors contributing to wage differentials and their persistence in labor markets.
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