Does Income Inequality Lead to Education Inequality? A Cross Sectional Study of Pakistan

• Autori principali: Noman Arshed (Autore), Muhammad Shahid Hassan (Autore), Osama Aziz (Autore)
• Natura: Libro
• Pubblicazione: University of Management and Technology, 2020-06-01T00:00:00Z.
• Soggetti: article
• Accesso online: Connect to this object online.

When firms do not know which labor is capable of efficient work, then paying all employees their average product as wage seems a feasible option. This simplest of ways discourages good workers and makes bad workers costly. Spence proposed to use educational attainment as the indicator of the labor f...