A basic finding of labor economics is that workerswho have more experience in the labor force arepaid more than workers who have less experience(holding constant the amount of formal education).Why might this be so? Some studies have also foundthat experience at the same job (called job tenure) hasan extra positive influence on wages. Explain whythis might occur
A basic finding of labor economics is that workerswho have more experience in the labor force arepaid more than workers who have less experience(holding constant the amount of formal education).Why might this be so? Some studies have also foundthat experience at the same job (called job tenure) hasan extra positive influence on wages. Explain whythis might occur
Chapter1: Making Economics Decisions
Section: Chapter Questions
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A basic finding of
who have more experience in the labor force are
paid more than workers who have less experience
(holding constant the amount of formal education).
Why might this be so? Some studies have also found
that experience at the same job (called job tenure) has
an extra positive influence on wages. Explain why
this might occur
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