2. Alternative explanations of wage disparities Suppose that a professor of labor economics claims that recipients of master's degrees in economics gain little in terms of acquired productive skills from their graduate studies and alternatively, that the degree simply reflects a high level of existing mathematical talent. Which item from the following list characterizes the labor economist's perspective on the link between education and wages?
Signaling is the answer X O Human capital X • The superstar phenomenon X • Compensating differentials
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Suppose that a professor of labor economics claims that recipients of master's degrees in economics gain little in terms of acquired productive skills from their graduate studies and alternatively, that the degree simply reflects a high level of existing mathematical talent.
Which item from the following list characterizes the labor economist's perspective on the link between education and wages?
Signaling is the answer
X O Human capital
X • The superstar phenomenon
X • Compensating differentials