Stochastic Dominance and 'The Economic Rationale of Occupational Choice'

King, Allan G.
April 1973
ILR Review;Apr73, Vol. 26 Issue 3, p996
Academic Journal
The article responds to an article concerning the average economic utility of various occupations by Arthur Carol and Samuel Parry, which appeared in the January 1968 issue of "Industrial & Labor Relations Review." It is suggested that Carol and Perry fail to account for the subjective value decisions of individuals seeking employment. An alternative and more specific ordering of occupations is presented for a limited demographic, and the economics undergirding the rational choice of occupation is discussed in detail.


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