Examlex
What do the following describe: tends to persevere when times are difficult and protects against worry about death?
Compensating Differential
Additional wage or payment provided to workers to compensate for undesirable aspects of a job, such as risk or unpleasant conditions.
Compensating Wage Differential
A financial adjustment to salaries that aims to balance out less desirable aspects of a job, such as hazardous conditions or irregular hours.
Supply Of Labor
The supply of labor refers to the total hours that workers wish to work at a given real wage rate.
Labor Economists
Specialists who study the dynamics of the labor market, including employment, wages, and labor productivity.
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