Does Income Inequality Lead to Education Inequality? A Cross Sectional Study of Pakistan
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...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
University of Management and Technology
2020-06-01
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| Series: | UMT Education Review |
| Subjects: | |
| Online Access: | https://journals.umt.edu.pk/index.php/uer/article/view/564/412 |