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In: Economics

The teacher salary schedule has no compensating differentials of any kind. In this labor market, what...

The teacher salary schedule has no compensating differentials of any kind. In this labor market, what does that mean? What would it be like, instead, to have compensating differentials? Describe how the lack of compensating differentials affects the teacher supply. Does the lack of compensating differentials have any other repercussions in the market?

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Rahul Sunny answered 2 years ago
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