Both the United States and France, among the richest countries in the world, have similar levels of education and capital per worker, but U.S. citizens enjoy higher incomes than the French. One explanation might be differences in:

Question

Quizplus · Accepted Answer

Differences in institutions, such as labor market policies, tax systems, and regulations, can affect the distribution of income and may contribute to differences in average income between countries.

Both the United States and France, Among the Richest Countries