Language-based Earnings Differentials. Teaching Terminology. Part. III

Abstract

The authors tend to put in sight the actors‘ specific skills expectations on productivity and on remuneration. Since wage rates the productivity, naturally a more skilled worker will be inclined to earn more. As the skills are acquired through the education process, the latter confers benefits standing for wage premium. Both the individuals and the society spend a lot of resources to learn languages. Education can be considered as an investment whose rate of return can be estimated covering two periods , the ‗long‘ and the ‗short’ ones – up to the age of 15 and after it (for a longer education)