Variation in wages across individuals is called
A)wage dispersion.
B)the mean wage.
C)the Gini coefficient.
D)the perfect-equality Lorenz curve.
E)the positively-skewed wage distribution.

Question

Quizplus · Accepted Answer

Wage dispersion refers to the variation in wages across individuals within an economy or a specific industry. It is a measure of income inequality and can be measured using statistical tools such as the Gini coefficient or the Lorenz curve.

Variation in Wages Across Individuals Is Called