Why wages differ

1. CHECK ONE that best applies for each scenario:

For each of the scenarios in the following table, indicate the most likely reason for the difference in earnings.

Scenario	Differences in Training, Education, Age, and Experience	Differences in Risk	Differences in Ability	Discrimination
Two security guards have the same amount of schooling and work experience, but earn different wages. One of them works for a prison and earns an annual wage of $50,000 per year. Another works for a museum and earns an annual wage of $33,000 per year.
Major league baseball players earn more than minor league baseball players.
An economics consulting firm hires Maria, a recent PhD graduate in economics, and pays her an annual wage of $79,000. It also hires Yakov, a recent master's degree graduate in economics, and pays him an annual wage of $62,000.

FOR YOUR REFERENCE:

Differences in Training, Education, Age, Differences Scenario and Experience in Risk Two security guards have the same amount of schooling and work experience, but earn different wages. One of them works for a prison and earns an annual wage of $50,000 per year. Another works for a museum and earns an annual wage of $33,000 per year. Major league baseball players earn more than minor league baseball players. An economics consulting firm hires Maria, a recent PhD graduate in economics, and pays her an annual wage of $79,000. It also hires Yakov, a recent master's degree graduate in economics, and pays him an annual wage of $62,000. Differences in Ability Discrimination