On-the-job experience typically enhances a persons productivity in that particular job. If the persons salary increases to
Fantastic news! We've Found the answer you've been seeking!
Question:
On-the-job experience typically enhances a person’s productivity in that particular job. If
the person’s salary increases to reflect increased experience but the additional experience
has no relevance for other jobs, does this higher salary reflect an increase in opportunity cost
or in economic rent?
Related Book For
Organizational Behavior
ISBN: 978-0077862589
7th edition
Authors: Steven McShane, Mary Ann Von Glinow
Posted Date: