Chapter11: Labor Markets
Section: Chapter Questions
Problem 5SQ
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Question
Explain how compensating differentials could contribute to differences between the average wages of men and women.
Expert Solution
Meaning
Compensating differentials id defined as an additional amount of wage/income that must be offered to a given worker so as to motivate them to work and accept an undesirable job given as compared to other jobs that could be performed by the worker.
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