Yes; and this is “wrong”; but historically the Threshold is the only measurement. (My audi picked an MOL from thin air.)
We “should” ask the client “Now turn this dial to a medium and comfortable volume” (verify it seems reasonable) “and while turning to other pitches you turn dial to make it seem a similar medium comfortable level”.
If I do that to me, below 1kHz my loudness curve is “flat” (‘normal hearing’) but above 3kHz about 42dB is scrunched into 12dB. But there is no standard test to quantify this.
I believe the big HA labs get statistical trends from mass observations, and their first-fit math includes compression based on HL levels and slopes.
The name is bad but let that go. Actually a ‘normal’ ear is NON-linear. You can’t get 120dB through a simple linear device. The inner hairs and the auditory nerves pass a bit more than 60dB. The outer hairs are hyper-sensitive to sound, shiver when they hear their pitch, which “amplifies” the sound to the inner hairs. (If you know “regenerative radio”, same thing.) Together a 120dB range of sound fits in the 60dB range of the auditory nerves.
So there is a natural 2:1 compression from sound to brain.
UNTIL! Those outer hairs, which must be very highly tuned and high-strung, finally give-out. Now we only hear the upper 60dB of ‘normal’ sound. This seems exactly true for me with 55-60dB threshold 1.5kHz-up, and at least that much “recruitment” up there (but there is also something else, probably weak inner hairs).
I can run an equal-loudness curve on myself in a minute, but I kinda despair of trying to do this on people without years of audio experience.