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Why do Wages Differ Across Occupations?

ByHomework Help Classof1

There is substantial variation in wages across occupations. Most professional athletes earn more than medical doctors, who earn more than college professors, who earn more than janitors. We will see that the wage for a particular occupation will be high if the supply of workers in that occupation is small relative to the demand for those workers.

Details

Publication Date
Apr 30, 2013
Language
English
Category
Education & Language
Copyright
All Rights Reserved - Standard Copyright License
Contributors
By (author): Homework Help Classof1

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Format
PDF

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