Wage differences that can't be explained by the number of years of training are likely to result from factors associated with
A)demand but not supply.
B)supply but not demand.
C)compensating differentials.
D)conditions of regulated markets.

Question

Quizplus · Accepted Answer

Compensating differentials refer to wage differences that are offered to compensate workers for the differences in the characteristics of jobs, such as risk, location, and working conditions. Thus, wage differences that can't be explained by training may result from factors such as the level of risk involved in a job, its geographical location, or the working conditions.

Wage Differences That Can't Be Explained by the Number of Years