When economists study wages, they relate a worker's wage to those variables that are most subject to measurement. Which of the following are most likely to be omitted variables?

Question

Quizplus · Accepted Answer

Ability, effort, and chance are difficult to measure and are therefore more likely to be omitted variables in wage studies. The other options listed, such as years of schooling and job characteristics, are more easily measurable and are likely to be included in wage studies.

When Economists Study Wages, They Relate a Worker's Wage to Those