Questions: Occupational Choice

3 questions to test your understanding

Score: 0 / 3
Question 1 Multiple Choice

In the Roy model, a worker chooses between two occupations (A and B). The worker selects occupation A if...

AOccupation A pays a higher average wage
BThe worker's expected earnings in A exceed their expected earnings in B, given their individual skills
COccupation A has higher social status
DThe worker's parents were in occupation A
Question 2 True / False

Self-selection into occupations means that observed wage differences between occupations directly measure the causal effect of the occupation on earnings.

TTrue
FFalse
Question 3 Short Answer

What is 'comparative advantage' in the context of occupational choice, and how does it differ from absolute advantage?

Think about your answer, then reveal below.