Economics
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
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