shadow real wage

noun

A shadow price of labor, i. e. a real wage which is not based on actual market exchanges.

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Meanings

nounshadow real wage (plural shadow real wages)

plural shadow real wages

  1. economicsA 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

Translations

German Schattenreallohn
  • SchattenreallohnTranslations
Cite this entry
APA

shadow real wage. (n.d.). In WatkinsX Dictionary. Retrieved November 5, 2026, from https://dictionary.watkinsx.com/word/shadow%20real%20wage

MLA

“shadow real wage.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/shadow%20real%20wage. Accessed November 5, 2026.

Chicago

WatkinsX Dictionary, s.v. “shadow real wage,” accessed November 5, 2026, https://dictionary.watkinsx.com/word/shadow%20real%20wage.

Source: shadow real wage on Wiktionary, CC BY-SA 4.0.