Differences in Income from Work

Subdecks (3)

Cards (14)

  • Wage Outcomes
    The distribution of wage, salary and other forms of income and their relationship to age, gender, occupation, industry, income groups and cultural backgrounds
  • Average Weekly Earning
    Average total earnings for all employees is the average weekly gross rate of pay to all employees
  • Nominal Wages
    Pay received by employees in dollar terms for their contribution to the production process, not adjusted for inflation
  • Real Wages
    A measure of the actual purchasing power of money wages