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Any study looking at labor sorting need to acknowledge that wages are not the only attribute which people (and employers) selects for. Wages are nice in terms o
by belorn 3y ago
Any study looking at labor sorting need to acknowledge that wages are not the only attribute which people (and employers) selects for. Wages are nice in terms of getting statistics since it is public record, but the conclusion is limited to asking more simplistic questions:
Based on the average wage of a persons lifetime, how close will each job a person take be to that expected wage, assuming it is adjusted for time and inflation. Same question for the employer in terms of what they pay employees.