The Long-Term Movement of Real Wages

E. H. Phelps Brown
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E. H. Phelps Brown: The London School of Economics and Political Science

Chapter Chapter 4 in The Theory of Wage Determination, 1957, pp 48-65 from Palgrave Macmillan

Abstract: Abstract The following pages present some provisional hypotheses to account for apparent features of the movement of real wages in the past eighty years.2 They await the test of critical discussion, and also of the production of more evidence, for though in part they rest upon estimates of wages and income in five Western economies, the explanation of shifts in distribution has been worked out for the United Kingdom alone.

Keywords: Real Wage; National Income; Factor Price; Market Environment; Wage Earner (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_4

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DOI: 10.1007/978-1-349-15205-6_4

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