nominal wages


Also found in: Financial.

nominal wages

pl n
(Economics) another name for money wages

nom′inal wag′es


n.pl.
wages measured in terms of money and not by their actual purchasing ability.
[1895–1900]
References in periodicals archive ?
The supply of labour does not respond to real wages, but only to nominal wages in the short run.
A vast number of women workers in rural and urban areas are still leading sub-human life due to the very nominal wages paid to them.
By the second quarter, gross nominal wages were up 4.
2 percent average annual growth between 1964 and 1975, but greater than the nearly constant real wage trajectory that results from using the CPI-U to deflate nominal wages.
As consumer prices rise faster, the purchasing power of those earning wages will again increase markedly slower than nominal wages.
It added "the wage bill, which is nearly 12 percent of GDP and among the highest in the GCC, can be reduced in the near term by streamlining allowances and freezing nominal wages.
They highlight that the combination of wage rigidity and low inflation prevented nominal wages from rising in the postrecession environment.
Summary: The average monthly nominal wages in Almaty, accrued to employees during the first quarter of 2015 amounted to 152,724 tenge
That is, the aggregate wage did not adjust downward during the 2007-09 recession due to nominal wages being more rigid than during previous downturns combined with low inflation.
As a result, nominal wages are forecast to grow by 3.
In most of the models, the efficiency of fiscal devaluation is explained by assuming downward rigid nominal wages, which initially results in disequilibrium on the labor market.
It is commonly believed that real wages can fall due to high price inflation, but it is widely thought that nominal wages do not fall (see, inter alia, Bewley, 1999).