Economics A-Level
Compensating wage differentials
What Compensating wage differentials means in Economics A-Level, as defined for AQA.
Definition of Compensating wage differentials
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Reference: AQA
Higher wages used to offset poor working conditions or high dissatisfaction, paying a premium to attract labour.
Topics that use Compensating wage differentials
Related terms
- Demographics
- Incentives
- Monetary considerations
- Non-monetary benefits
- Non-monetary considerations
- Occupational mobility
- Job dissatisfaction
- Job satisfaction
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