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Cost of Living
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Details
High Quality Content by WIKIPEDIA articles! Cost of living is the cost of maintaining a certain standard of living. Changes in the cost of living over time are often operationalized in a cost of living index. Cost of living calculations are also used to compare the cost of maintaining a certain standard of living in different geographic areas. Geographic differences in cost of living can be measured in terms of purchasing power parity rates. Employment contracts, pension benefits, and government entitlements (such as Social Security) can be tied to a cost-of-living index, typically to the Consumer Price Index (CPI). A Cost of Living Allowance (COLA) adjusts salaries based on changes in a cost-of-living index. Salaries are typically adjusted annually. They may also be tied to a cost-of-living index that varies by geographic location if the employee moves. Annual escalation clauses in employment contracts can specify retroactive or future percentage increases in worker pay which are not tied to any index.
Weitere Informationen
- Allgemeine Informationen
- GTIN 09786131617232
- Editor Frederic P. Miller, Agnes F. Vandome, John McBrewster
- EAN 9786131617232
- Format Kartonierter Einband
- Titel Cost of Living
- Herausgeber Alphascript Publishing
- Anzahl Seiten 76
- Genre Wirtschaft
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