Sentence examples for nominal wage rate from inspiring English sources
( bar{L} ) is the exogenous labor supply, and ( w ) is the nominal wage rate.
As a consequence, as shown in Fig. 4, any further shifting out of the value marginal product curve for L1 due to rising commodity prices will cause the nominal wage rate to rise.
The price level (p) is based on vertically integrated labor input coefficients (v) (see Appendix for the calculation method), nominal wage rate (w), mark-up rate (m), and imported material cost (cim) as follows: p = (1 + m) (wv + cim).
Because condition (5) indicates that the fixed land labor ratio on less favored land n m determines the nominal wage rate w, the rural economy is recursive with respect to resource use, labor and output in the primary production sector.
The reason has to do with the key structural feature of the land surplus rural economy; as long as there remains significant numbers of the rural population farming marginal land, the Ricardian surplus land condition (15) ensures that the unchanging land labor ratio for traditional agriculture on less favored land will determine the nominal wage rate for all sectors of the economy.
We assumed the nominal wage growth rate for 2012 to be the same as for 2011 (3.3 %).
The average cost per work day lost was calculated using national statistics on income and employment figures and updated to 2012 values applying the nominal wage growth rate.
As long as the nominal minimum wage rate exceeds the prevailing market wage for a specific category of labor in this case primarily low-skilled teen workers, especially blacks there will be adverse effects.
Nominal basic wage rates dropped relatively modestly while their real wage equivalents continued to rise throughout the trough years of the recession.
Wages: Nominal hourly wage rates of all full-time workers by region and occupation.
As long as there's a little inflation in the system, "less fortunate" firms can give nominal wage increases below the rate of inflation, allowing them to adjust to harder times.
