c. Note that we have assumed that worker productivity is not influenced by the level of education
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c. Note that we have assumed that worker productivity is not influenced by the level of education e chosen by a worker in stage 1. Is there any way that the level of e can then have any impact on the wage offers that a worker gets in equilibrium?
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Related Book For
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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