The following table gives the average wage rate for the indicated percentiles of the wage distribution for
Question:
The following table gives the average wage rate for the indicated percentiles of the wage distribution for customer service representatives in New York City.
a. Calculate the earnings ratios at various percentiles of the earnings distribution for both years.
b. Describe the changes in wage inequality in this local labor market.
Transcribed Image Text:
Percentile 10th 50th 90th 1990 $9.13 $11.23 $13.98 2005 $10.51 $12.15 $14.78
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a b All of the earnings ratios fell from 1990 to 2005 The fact that t...View the full answer
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Related Book For
Modern Labor Economics Theory And Public Policy
ISBN: 9780132540643
11th Edition
Authors: Ronald Ehrenberg, Robert Smith
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