Principles of Microeconomics, 7th Edition

Published by South-Western College
ISBN 10: 128516590X
ISBN 13: 978-1-28516-590-5

Chapter 19 - Part VI - Earnings and Discrimination - Problems and Applications - Page 411: 3

Answer

See explanation.

Work Step by Step

Employment experience gained is a source of gained human capital. Practice at the same workplace may have an especially beneficial impact on earnings as it contributes to greater productivity for workers with more work experience. That's why people with more experience are receiving more than those with less experience.
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