Economics A-Level
Sticky wages
What Sticky wages means in Economics A-Level, as defined for AQA.
Definition of Sticky wages
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Reference: AQA
A situation where employers cannot easily cut nominal pay during economic downturns, so nominal wages fail to adjust downwards.
Topics that use Sticky wages
- Employment and unemployment (AQA A-Level)
Related terms
- Causes of unemployment
- Claimant Count
- Cyclical unemployment
- Frictional unemployment
- Labour Force Survey
- Labour market rigidities
- Labour mobility
- Living standards
Using Sticky wages in the exam
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