Asked by
DENVER THUMM
on Oct 26, 2024
Verified
Actual wage differentials can be partially explained by which factor(s) ? I.differences in talent
II.different amounts of human capital
III.compensating differentials
A) I only
B) I and II only
C) III only
D) I,II,and III
Human Capital
The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or the community.
Compensating Differentials
The variation in wage rates paid to different workers, mainly due to the non-monetary advantages or disadvantages of specific jobs.
Talent
A natural aptitude or skill possessed by individuals.
- Understand the disparities in employee compensation and the factors contributing to them, such as compensating differentials and efficiency wages.
- Identify the influence of discrimination and wage gaps on labor market dynamics.
Verified Answer
PA
Learning Objectives
- Understand the disparities in employee compensation and the factors contributing to them, such as compensating differentials and efficiency wages.
- Identify the influence of discrimination and wage gaps on labor market dynamics.