Meaning of shadow real wage | Babel Free
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.
This word is part of the CEFR C1 vocabulary — advanced level.
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