Compensating Differentials
- Title:
- Compensating Differentials
- Description:
-
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Firms have an incentive to increase job safety, because then they can lower wages. In this video, we explore this surprising claim in much greater depth. Bear in mind that wages adjust until jobs requiring a similar level of skill have similar compensation practices. Why do riskier jobs often pay more? Why has job safety increased over the years? How does a firm’s profit motive play a role?
Microeconomics Course:http://mruniversity.com/courses/principles-economics-microeconomic
Ask a question about the video: http://mruniversity.com/courses/principles-economics-microeconomics/compensating-differentials-wages#QandA
Next video: http://mruniversity.com/courses/principles-economics-microeconomics/do-labor-unions-raise-wages-workers
- Video Language:
- English
- Team:
- Marginal Revolution University
- Project:
- Micro
- Duration:
- 04:43
Ilaria Bettella edited Italian subtitles for Compensating Differentials | ||
Ilaria Bettella edited Italian subtitles for Compensating Differentials | ||
Ilaria Bettella edited Italian subtitles for Compensating Differentials | ||
Ilaria Bettella edited Italian subtitles for Compensating Differentials | ||
Ilaria Bettella edited Italian subtitles for Compensating Differentials | ||
Ilaria Bettella edited Italian subtitles for Compensating Differentials | ||
Ilaria Bettella edited Italian subtitles for Compensating Differentials | ||
Ilaria Bettella edited Italian subtitles for Compensating Differentials |