Spanish translation: calcularse descontando los ingresos
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23:57 Mar 26, 2004
English to Spanish translations [Non-PRO] Bus/Financial - Economics
English term or phrase:be measured net of any income
The alternative to taking a job is to remain unemployed and continue searching for another one. More search pays off if a subsequent wage offer exceeds the initial one. The cost of turning down an offer is the wage income foregone while not working. This income foregone must, however, be measured net of any income that people receive because the are unemployed