Study Notes
Labour Supply - Non-wage Factors (Labour Markets)
- Level:
- A-Level, IB
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 21 Mar 2021
There are many factors other than the basic wage / salary which affect the number of people who are willing and able to work in a given industry or occupation.
Non pecuniary factors describe factors other than wages or money, for example, working conditions, the amount of leisure time, facilities available at work, the sociability of the hours etc. These are also known as non-monetary factors.
Leading reasons given for hard-to-fill vacancies in the hospitality sector in the UK in 2013
You might also like
Long Run Aggregate Supply
Study Notes
Whitbread to pay the Living Wage
9th September 2015
Executive Pay - Pillorying is Back in Fashion!
4th May 2016
Labour Market Enforcement Tsar Starts Work
27th July 2017
Labour Market Failure (2019 Update)
Teaching PowerPoints
Labour Market Rewards - FTSE-100 CEO Pay climbs 23% this year
8th November 2022