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How Can We Tell the Difference Between a Cohort Effect

question 39

Essay

How can we tell the difference between a cohort effect and a genuine developmental pattern? What kind of evidence do we need to make the distinction?


Definitions:

Principal

The original sum of money borrowed in a loan or put into an investment, excluding any interest or dividends.

Market Wage

The prevailing wage rate for labor in a particular market, determined by supply and demand for workers.

Agent

An individual or entity authorized to act on behalf of another person or company in commercial transactions.

High-End

Products or services that are considered to be of the highest quality and price within their category.

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