Unbiased Analysis of Today's Healthcare Issues

Do more capable workers get better working conditions?

More capable workers typically do have the best working conditions.  The theory of compensating differentials, however, says that workers should be compensated in the form of higher wages for job amenities.  So why is this the case empirically? Today, I review the Hanbook of Labor Economics chapter by Sherwin Rosen titled “The Theory of Equalizing […]

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