Generally, those who have higher wages are people with more human capital. Hence, more schooling as well as more work experience, generally lead to higher wages. 2. Smaller Gini ratio leads to more equal income distribution

Economics: Private and Public Choice (MindTap Course List)
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Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter26: Earnings, Productivity, And The Job Market
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TRUE OR FALSE: 1. Generally, those who have higher wages are people with more human capital. Hence, more schooling as well as more work experience, generally lead to higher wages. 2. Smaller Gini ratio leads to more equal income distribution.
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