Which of the following can be used to help explain wage differences among different groups of workers?
A)human capital and compensating differentials
B)human capital but not compensating differentials
C)compensating differentials but not human capital
D)neither human capital nor compensating differentials

Question

Quizplus · Accepted Answer

Human capital refers to the skills, knowledge, and experience that a worker possesses, which can help explain why some workers are paid more than others. Compensating differentials refer to the additional compensation that workers receive for working in jobs with less desirable characteristics, such as dangerous working conditions or long hours. Both of these factors can help explain wage differences among different groups of workers.

Which of the Following Can Be Used to Help Explain