PPT - Labor Economics PowerPoint Presentation, free download - ID:6986904

The Labor Market in Economics

SOLVED: A basic finding of labor economics is that workers who have more experience in the labor force are paid more than workers who have less experience (holding constant the amount of formal education). Why might this be so? Some studies have also found that experience at the same job (called job tenure) has an extra positive influence on wages. Explain why this might occur.

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