difference in wages

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• Difference in differences — (DID) (sometimes Diff in Diffs ) is a quasi experimental technique used in econometrics that measures the effect of a treatment at a given period in time. It is often used to measure the change induced by a particular treatment or event, though… …   Wikipedia

• Efficiency wages — In labor economics, the efficiency wage hypothesis argues that wages, at least in some markets, are determined by more than simply supply and demand. Specifically, it points to the incentive for managers to pay their employees more than the… …   Wikipedia

• List of U.S. minimum wages — See also: Minimum wage in the United States Minimum Wage by U.S. state and U.S. territory (American Samoa, Guam, Puerto Rico, Virgin Islands), as of Jan. 1, 2011 …   Wikipedia

• back pay award — Difference between wages already paid an employee and higher wages granted retroactively. A determination by a judicial or quasi judicial body that an employee is entitled to accrued but uncollected salary, wages or fringe benefits. Such may be… …   Black's law dictionary

• back pay award — Difference between wages already paid an employee and higher wages granted retroactively. A determination by a judicial or quasi judicial body that an employee is entitled to accrued but uncollected salary, wages or fringe benefits. Such may be… …   Black's law dictionary

• Economic rent — is the difference between what a factor of production is paid and how much it would need to be paid to remain in its current use.There are multiple mechanisms that can create economic rent: political contrivance, network effect, monopoly power,… …   Wikipedia

• Dummy variable (statistics) — In statistics and econometrics, particularly in regression analysis, a dummy variable (also known as an indicator variable) is one that takes the values 0 or 1 to indicate the absence or presence of some categorical effect that may be expected to …   Wikipedia

• Factor price equalization — is an economic theory, which states that the relative prices for two identical factors of production in the same market will eventually equal each other because of competition. The price for each single factor need not become equal, but relative… …   Wikipedia

• Lawrence textile strike — The Lawrence Textile Strike was a strike of immigrant workers in Lawrence, Massachusetts in 1912 led by the Industrial Workers of the World. Prompted by one mill owner s decision to lower wages when a new law shortening the workweek went into… …   Wikipedia

• Natural monopoly — A monopoly describes a situation where all (or most) sales in a market are undertaken by a single firm. A natural monopoly by contrast is a condition on the cost technology of an industry whereby it is most efficient (involving the lowest long… …   Wikipedia

• differential — [ˌdɪfə rɛnʃ(ə)l] chiefly technical adjective 1》 constituting or depending on a difference; varying according to circumstances or relevant factors. 2》 Mathematics relating to infinitesimal differences or to the derivatives of functions. noun 1》 a… …   English new terms dictionary