Structural Inflation And The Economic Function Of Wages: The French Example

François Perroux
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François Perroux: Institut de Science Économique Appliquée

Chapter Chapter 16 in The Theory of Wage Determination, 1957, pp 251-263 from Palgrave Macmillan

Abstract: Abstract The share of wages in the French national income is approximately constant and very considerable. Moreover, the structure of wages is highly rigid. We propose to analyse the causes of this rigidity and to show how it contributes to making the economy inherently inflationary. Finally, we shall inquire whether the rigidity of wages does not denote a fundamental misconception of the economic function of wages under any economic system, and we shall suggest a reconsideration of distribution theory.

Keywords: Relative Wage; Wage Structure; Economic Function; Sectoral Component; Retail Price Index (search for similar items in EconPapers)
Date: 1957
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-15205-6_16

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DOI: 10.1007/978-1-349-15205-6_16

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