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Imagine two people are identical in all respects. One person, by sheer luck, gets a job...

Imagine two people are identical in all respects. One person, by sheer luck, gets a job in the primary sector while the second gets a job in the secondary sector. Assume they meet 20 years later. Contrast the human capital, retirement earnings and other features of employment and output for the two individuals.

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Answer #1

Even though both persons are identical, but their earnings will be different depending on whether they are in primary or secondary sector. The person in the secondary sector will be earning more as compared to the person in the primary sector and thus human capital, retirement earnings of the person employed in secondary sector will be more than the person employed in primary sector. The primary sector employment has less allowances and privileges as compared to secondary sector. Thus, output of the individual in the secondary sector will be more than the output of the individual in the primary sector.

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