Question

In: Economics

which of the following is an example of a compensating wage differential? In the market for...

which of the following is an example of a compensating wage differential?

In the market for lawyers, top graduates from the top programs earn starting salaries that are significantly higher than the starting salaries earned by lower-ranked graduates from the lower-ranked programs.

Nurse anesthetists are paid less than anesthesiologists (who have medical degrees).

Popular movie stars like George Clooney command much higher salaries than other talented but lesser-known actors.

Workers in a dynamite mine receive higher wages than if they worked in other jobs that require the same level of skills.

Solutions

Expert Solution

"D"

Workers in a dynamite mine receive higher wages than if they worked in other jobs that require the same level of skills., here the work is different and the gap in the wage is due to risk involving the work

Rahul Sunny answered 2 years ago
Next > < Previous

Related Solutions

Which of the following is not an example of a compensating differential?
Which of the following is not an example of a compensating differential? a. paying workers who do dull, boring work higher wages than workers who do fun, interesting work, all else equal b. paying workers who work on the night shift higher wages than workers who work the day shift, all else equal c. paying workers who do more dangerous work higher wages than workers who do less dangerous work all e se equal d. paying workers with PhDs higher wages than workers with...
51.    The term "compensating differential" refers to Select one: a. a. a wage difference that...
51.    The term "compensating differential" refers to Select one: a. a. a wage difference that is due to unionization of some firms but not others. b. a. the fact that some workers live further from their jobs than do other workers. c. a. a wage difference that arises from nonmonetary characteristics of different jobs. d. a. the fact that workers who do similar work should be paid the same wage. 56. The poverty line is Select one: a. a....
Explain with the aid of a diagram how a compensating wage differential can emerge in a...
Explain with the aid of a diagram how a compensating wage differential can emerge in a competitive labour market. Assume two occupations they are identical, except that one has some undesirable characteristic. Also, assume all workers dislike that characteristic equally. Assume the labour market is operating at full employment.   
Explain with the aid of a diagram how a compensating wage differential can emerge in a...
Explain with the aid of a diagram how a compensating wage differential can emerge in a competitive labour market. Assume two occupations they are identical, except that one has some undesirable characteristic. Assume that workers have heterogeneous preferences vis-a-vis the undesirable job characteristic.
Which of the following is not an example of a market?
Which of the following is not an example of a market? Multiple Choice  EBay An auction Grocery store Donation center
Which of the following is not an example of market failure?
Which of the following is not an example of market failure?Group of answer choicesPublic goodPrice controlMarket powerExternality
Evaluate following statement using the theory on compensating wage differentials: “Mandating safety at work will surely...
Evaluate following statement using the theory on compensating wage differentials: “Mandating safety at work will surely improve worker’s welfare.” Use diagrams and a few bullet-points to justify your thinking.
Define and discuss compensating wage differentials and the hedonic wage theory (HWT). Show how HWT applies...
Define and discuss compensating wage differentials and the hedonic wage theory (HWT). Show how HWT applies to employee benefits. Discuss employee considerations and preferences (with the help of indifference curves) and employer considerations and preferences (with the help of isoprofit curves). Illustrate the join determination of wages and benefits under HWT.
Which of the following is a compensating control that will BEST reduce the risk of weak...
Which of the following is a compensating control that will BEST reduce the risk of weak passwords? Requiring the use of onetime tokens Increasing password history retention count Disabling user accounts after exceeding maximum attempts Setting expiration of user passwords to a shorter time
What are compensating differentials and how might they explain a portion of the gender wage gap?
What are compensating differentials and how might they explain a portion of the gender wage gap?
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT