Question

In: Economics

Moretti (2004) finds that higher education has significant positive externalities on wages of all workers. This...

Moretti (2004) finds that higher education has significant positive externalities on wages of all workers. This suggests that

Group of answer choices

High skill and low skill workers are complements in production.

A larger share of workers with higher education causes employers to choose labor-biased technology.

A larger share of workers with higher education increases the productivity of all human capital levels.

Workers can 'pick up' human capital from working with high skill co-workers.

Solutions

Expert Solution

Answer - Option C

A large share of workers with higher education increase the productivity of all human capital levels

The other options are the wrong interepretation of the given statememt.

Rahul Sunny answered 2 years ago
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