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Meaning of shadow real wage | Babel Free

Noun CEFR C1

Definitions

A shadow price of labor, i. e. a real wage which is not based on actual market exchanges.

Equivalents

Deutsch Schattenreallohn

Examples

“Lucas has said that he finds [involuntary unemployment] a mysterious notion, but in fact it is crystal clear: the shadow real wage of the unemployed is below the prevailing real wage.”

CEFR level

C1

Advanced
This word is part of the CEFR C1 vocabulary — advanced level.

See also

shadow realm shadow ship shadow snake shadow social shadow stitch shadow stock