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Compensating wage differentials - higher pay can often be some reward for risk-taking in certain jobs, ... Transfer Earnings and Economic Rent (Labour Markets) Study notes. Market Failure - Income and Wealth Inequality. ... Development and Growth Constraints - Malnutrition. Study notes. Export-led growth. Study notes. Working poverty. The Life Cycle Of A Grasshopper Note: Citations are based on reference standards. However, formatting rules can vary widely between applications and fields of interest or study. The specific requirements or preferences of your reviewing publisher, classroom teacher, institution or organization should be applied. In this book the assumption of identical factor rewards is relaxed and the implications of an intersectoral wage differential for economic growth are analysed. There is also some discussion on the short-term and long-run effects of minimum wage legislation on growth. 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