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Wages increasing with schooling at a constant growth rate (e.g.8 percent per grade) skews the distribution of wages to the right. The textbook refers to
Wages increasing with schooling at a constant growth rate (e.g.8 percent per grade) skews the distribution of wages to the right. The textbook refers to this result as Mincer's principle . the indifference principle . the invisible hand. Marshall's rule
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International Economics
Authors: Thomas A. Pugel
15th edition
73523178, 978-0077769529, 007776952X, 978-0073523170
