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A Recent Study of the Determinants of Wages for Clerical

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Essay

A recent study of the determinants of wages for clerical staff at a state university found that years of schooling, years of experience, age and job characteristics only explained about one-half of the difference in wages. Describe other factors that may be important in explaining wages differences for clerical staff.


Definitions:

Terminating Decimal

A decimal featuring a specific, countable number of digits beyond the decimal point.

Five-Figure Accuracy

The precision or exactness of a numerical value up to five digits.

Nearest Dollar

Rounding a monetary amount to the closest whole dollar value.

Four-Figure Accuracy

Refers to the level of precision in a numerical value, rounded to four significant digits.

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