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    The determinants of varying levels of income

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    Describe the determinants of varying levels of income, the factors which determine a person's wages and if these qualifications always hold true.

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    The determinants of varying levels of income are the educational qualification of a person and the experience she has. A person who has only passed grade six will have lower wages than a person with a bachelor's degree. Similarly, if a person has work experience in a field where there is ...

    Solution Summary

    The response provides you a structured explanation of the factors which determine a person's wages. It also gives you the relevant references.

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