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Compensating Wage Differentials
Wage differences that compensate workers for risk, unpleasant working conditions, and other undesirable nonpecuniary aspects of a job.
Non-pecuniary Job Benefits
Non-pecuniary job benefits are perks or advantages of employment that do not involve direct monetary payment, such as a flexible working schedule or health insurance.
Employment Discrimination
Unfair treatment of employees or job applicants based on race, gender, age, religion, nationality, disability, or sexual orientation instead of job qualifications or performance.
Tournament Pay
A compensation structure where rewards are based on relative performance, often used in settings where output is hard to measure individually.
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