A positive or negative amount by which the salary or payment for a job is adjusted in accordance with the attractiveness of that job for potential workers. Difficult, dangerous, or otherwise undesirable jobs tend to pay more to help recruit and retain workers, while employers are able to offer less overall money for more desirable jobs that are preferred by job-seekers.
Related information about compensating differential:
- Compensating differential - Wikipedia, the free encyclopedia
A compensating differential, which is also called a compensating wage differential or an equalizing difference, is defined as the additional amount of income that ...
- What is compensating differential? - BusinessDictionary.com
Definition of compensating differential: The difference in wages offered to offset the desirability or undesirability of a job. If the job is considered undesirable ...
- CHAPTER 6 - Webspace
these factories at lower wages because no compensating differential would be needed. The fact that ... This is the compensating differential required to hire the ...
- compensating differentials : The New Palgrave Dictionary of ...
Compensating differentials represent a wage premium for unpleasant aspects of a job. Jobs differ along several dimensions. Some jobs offer generous health ...
- What is compensating differential? - InvestorWords.com
Definition of compensating differential: A positive or negative amount by which the salary or payment for a job is adjusted in accordance with the attractiveness of ...
- Labour Market Economics |
compensating risk premium, the rate at which the worker values a higher level of job safety in terms of the wage; the compensating differential that the worker ...
- Estimation of a Roy/Search/Compensating Differential Model of the ...
Nov 1, 2012 ... Estimation of a Roy/Search/Compensating Differential. Model of the Labor Market . (Preliminary and Incomplete). Christopher Taber. University ...
- Earnings-Risk as a Compensating Differential - JStor
Earnings-Risk as a Compensating Differential*. I. Introduction. Recent theorists have suggested that workers may accept "implicit contracts" providing for a ...