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studymite studymite
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5 years ago
Which of the following statements are correct about the age-earnings cycle?

• Earnings increase with age because workers become more productive as they age until around 50 years. Around 50 the effects of aging outweighs the further increases in productivity.

• Earnings generally increase up till age 30 and then steadily decrease.

• Since every person is different we can reach no general conclusions about the age-earnings cycle.

• Earnings increase throughout a prison's lifetime until they reach retirement.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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Steve T.Steve T.
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5 years ago
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