EBK LABOR ECONOMICS
7th Edition
ISBN: 9781259291876
Author: BORJAS
Publisher: MCGRAW HILL BOOK COMPANY
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Question
Chapter 7, Problem 1RQ
To determine
The reason for the positive skewness of the wage distribution.
Expert Solution & Answer
Explanation of Solution
A distribution is said to be positively skewed if its scores fall toward the lower side of the scale and there are very few higher scores. The wage distribution is positively skewed. A small percent of workers earns a disproportionately large share of the returns for work and most of the workers earn low wages.
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