Wage differential is a term used in labour economics to analyze the relation between the wage rate and the unpleasantness, risk, or other undesirable attributes of a particular job. A compensating differential, 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 that worker could perform. 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: that is, a given worker would be willing to accept a lower wage for an especially desirable job, relative to other jobs.
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| - Compensating differential (en)
- 보상적 임금격차 (ko)
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| - 보상적 임금격차(compensating wage differential)는 직업의 특성에 따라 임금에 차이가 발생하는 것을 설명하는 노동경제학 이론이다. 직업의 복리후생, 재해 위험, 직업 안정성, 작업의 난이도와 같은 직업의 특성과 임금과의 관계를 설명하며 재해 위험과 작업의 난이도가 높거나, 안정성이 낮은 직업의 부정적인 특성을 보상하는 차원에서 높은 임금이 책정된다. (ko)
- Wage differential is a term used in labour economics to analyze the relation between the wage rate and the unpleasantness, risk, or other undesirable attributes of a particular job. A compensating differential, 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 that worker could perform. 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: that is, a given worker would be willing to accept a lower wage for an especially desirable job, relative to other jobs. (en)
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| - Wage differential is a term used in labour economics to analyze the relation between the wage rate and the unpleasantness, risk, or other undesirable attributes of a particular job. A compensating differential, 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 that worker could perform. 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: that is, a given worker would be willing to accept a lower wage for an especially desirable job, relative to other jobs. 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 intercourse, the monetary value workers place on their own lives, and in explaining geographical wage differentials. (en)
- 보상적 임금격차(compensating wage differential)는 직업의 특성에 따라 임금에 차이가 발생하는 것을 설명하는 노동경제학 이론이다. 직업의 복리후생, 재해 위험, 직업 안정성, 작업의 난이도와 같은 직업의 특성과 임금과의 관계를 설명하며 재해 위험과 작업의 난이도가 높거나, 안정성이 낮은 직업의 부정적인 특성을 보상하는 차원에서 높은 임금이 책정된다. (ko)
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