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• Why do actors and actresses earn so much?

01 / 10 / 2021 Others

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actor/actress salaries

Check out the following two articles discussing actor/actress salaries and other average salaries:
• http://www.forbes.com/2010/09/08/depp-stiller-hanks-sandler-business-entertainment-highest-paid-actors.html
• http://www.aeaweb.org/students/Careers.php
Consider the following:
• Why do actors and actresses earn so much?
• How does a production firm decide how much to pay them?
• Do you think they are overpaid or underpaid based on the economic discussion of wages?
• Can the high salaries be justified?
Follow-up questions:
• In addition to wages, what other factors influence an individual to choose one job over another?
• Consider jobs like those on some popular TV shows like Deadliest Catch and Ax Men. While these individuals are not guaranteed a high salary, why might they earn more than similarly skilled individuals in other jobs?
• What jobs do you think have the best mix of salary and other characteristics that individuals care about?



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