Inflation and Wage Differentials in Great Britain

H. A. Turner
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H. A. Turner: University of Manchester

Chapter Chapter 9 in The Theory of Wage Determination, 1957, pp 123-135 from Palgrave Macmillan

Abstract: Abstract The relative antiquity of collective bargaining in Britain may give custom and convention a greater influence on the fixing of wages there than is general. What follows is an interpretation of British experience, particularly that of the period of full employment since 1940, but much of it may have an application to other ‘high employment’ economies of the Western type. There seems to be a dual relation between the inflationary trend characteristic of such economies and the system of wage differentials. Attention has been largely concentrated upon the effects of inflation on relative wages. Wage relationships, however, may also play a more positive rle in sustaining the inflation and determining its form.

Keywords: Wage Rate; Collective Bargaining; Skilled Worker; Wage Differential; Wage Increase (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_9

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DOI: 10.1007/978-1-349-15205-6_9

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