Average Earnings

From Open Risk Manual

Definition

Average Earnings. A measure of the average wage an hourly or salaried worker makes in a given period of time

Average earnings are typically calculated on an hourly, daily, weekly, or monthly basis. They may be expressed as an amount of money or in terms of a percent change with respect to a prior period, depending on the jurisdiction and report.

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This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.

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