Education in comparison to the wage of worker

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Reference no: EM131102610

Suppose a worker receives an 8% increase in wages by having one more year of education in the first three years of schooling, 6% per year in the next five years, and 4% per year thereafter. How large will be the wage of a worker who has 10 years of education in comparison to the wage of a worker who has no education?

Reference no: EM131102610

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