Kaufkraftausgleich
German
Etymology
Kauf (“purchase”) + Kraft (“power”) + Ausgleich (“compensation/equalization”)
Pronunciation
- IPA(key): [ˈkaʊ̯fkʁaftˌʔaʊ̯sɡlaɪ̯ç]
- Hyphenation: Kauf‧kraft‧aus‧gleich
Noun
Kaufkraftausgleich m (strong, genitive Kaufkraftausgleichs, plural Kaufkraftausgleiche)
- (economics, business) cost-of-living allowance, purchasing power compensation (an additional payment to employees or pensioners to compensate for higher prices at a specific location or due to inflation)
- Für die Entsendung nach Tokio gewährt das Unternehmen einen großzügigen Kaufkraftausgleich.
- The company provides a generous cost-of-living allowance for the assignment to Tokyo.
Declension
Declension of Kaufkraftausgleich [masculine, strong]
Synonyms
- Teuerungszulage (cost-of-living bonus)
- Auslandszulage (foreign assignment allowance; often includes but is not limited to KKA)
- Inflationsausgleich (inflation compensation; focuses on the temporal aspect)
Antonyms
- Reallohnverlust (real wage loss; occurs if compensation is missing)
Coordinate terms
- Lebenshaltungskosten (the costs of housing, food, etc., that necessitate the compensation)
- Expatriate (an employee working abroad receiving such payments)
- Nettolohnoptimierung (adjusting the net pay to maintain a specific standard of living)
- Warenkorb (the basis for calculating the necessary compensation)
- Verbraucherpreisindex (the index used to measure price changes)
Related terms
- ausgleichen (to compensate/balance)
- Kaufkraftverlust (loss of purchasing power)