Which of the following statements are correct about the age-earnings cycle?
A) Earnings generally increase up till age 30 and then steadily decrease.
B) Earnings increase throughout a prison's lifetime until they reach retirement.
C) 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.
D) Since every person is different we can reach no general conclusions about the age-earnings cycle.
Correct Answer:
Verified
Q125: Inheritance is responsible for about _ percent
Q126: Q127: The return on human capital Q128: Which of the following is NOT a Q129: Which of the following does NOT contribute Q131: The age-earnings profile for most people indicates Q132: Economic discrimination exists when Q133: One reason earnings tend to fall before Q134: Which of the following is a reason Q135: Inheritance accounts for about
A) tends to
A)
A) there is an
A) 5 percent of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents