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Compensating differential

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  1. a term used in labor economics to analyze the relation between the wage rate and the unpleasantness, risk, or other undesirable attributes of a particular job

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 2, 2009
  2. which is also called a compensating wage differential or an equalizing difference, is defined as the additional amount of income that a given worker must be offered in order to motivate them to accept a given undesirable job, relative to other jobs t

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 2, 2009
  3. The terms compensation differential, pay differential, and wage differential are also used in economics, but normally have a different meaning

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 2, 2009
  4. One can also speak of the compensating differential for an especially desirable job, or one that provides special benefits, but in this case the differential would be negative

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 2, 2009
  5. that is, a given worker would be willing to accept a lower wage for an especially desirable job, relative to other jobs

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 2, 2009
  6. The idea of compensating differentials has been used to analyze issues such as the risk of future unemployment, the risk of injury, the risk of unsafe sex, and the monetary value workers place on their own lives

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 2, 2009
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