shadow real wages
shadow real wages is the plural of shadow real wage.
Meaning of shadow real wage
Noun
shadow real wage (plural shadow real wages)
- A shadow price of labor, i. e. a real wage which is not based on actual market exchanges.
- Lucas has said that he finds [involuntary unemployment] a mysterious notion, but in fact it is crystal clear: the shadow real wage of the unemployed is below the prevailing real wage.1982, Frank Hahn, Monetary and Inflation, Oxford: Basil Blackwell, page 49
Questions about shadow real wages
- What is shadow real wages the plural of?
- Shadow real wages is the plural of shadow real wage.
Words near shadow real wages in the dictionary
Source and license
Adapted from Wiktionary: shadow real wages (page history and authors); shadow real wage (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.
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