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Labor Economics
8th Edition
ISBN: 9781260484434
Author: George Borjas
Publisher: Mcgraw-hill Higher Education (us)
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Question
Chapter 6, Problem 2RQ
To determine
The determination of wage-schooling locus and the reason behind its positive slope.
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Discuss how the wage-schooling locus is determined in the labor market, and why it is upward sloping and concave.
What factors create the link between wages and productivity that is at the heart of efficiency wage models?
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