A premium that compensates workers for the burdens that are associated with a job is known as the:
A) risk premium.
B) liquidity premium.
C) compensating wage differential.
D) compensating risk differential.

Question

Quizplus · Accepted Answer

The compensating wage differential is a premium paid to workers to compensate them for the undesirable aspects of a job, such as risk, unpleasant conditions, or inconvenient hours.

A Premium That Compensates Workers for the Burdens That Are