reservation wage (m)

listen to the pronunciation of reservation wage (m)
Englisch - Türkisch

Definition von reservation wage (m) im Englisch Türkisch wörterbuch

reservation wage
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Englisch - Englisch

Definition von reservation wage (m) im Englisch Englisch wörterbuch

reservation wage
(Ekonomi) Reservation Wage is a concept in Labor economics which suggests that each worker has a specific wage rate whereby they are induced to perform paid market work. Wages offered below a worker's reservation wage would keep said worker from participating in the labor force