Wage Differences Term Paper by ResearchRiter

Wage Differences
A look at why wages often differ among employees in similar jobs.
# 127188 | 750 words | 6 sources | MLA | 2008 | US
Published on Dec 01, 2008 in Economics (Labor) , Business (Human Resources) , Labor Studies (General)


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Description:

This paper discusses the reasons behind the fact that many firms and industries pay their workers more than others, even when those workers occupy similar jobs.

From the Paper:

"To understand why wages often differ among employees in similar jobs, one must understand the theory of equalizing differentials. This theory states that in competitive labor markets, workers with similar skills working in similarly attractive jobs and locations should receive similar compensation. Long-run wage differentials are explained by differences in skill and job disamenities with a single wage conditional on worker and job attributes. Despite this, in some firms and industries, workers are paid more than others even for similar jobs. There are a..."

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APA Format

Wage Differences (2008, December 01) Retrieved December 09, 2019, from https://www.academon.com/term-paper/wage-differences-127188/

MLA Format

"Wage Differences" 01 December 2008. Web. 09 December. 2019. <https://www.academon.com/term-paper/wage-differences-127188/>

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