Wage Regulation in Hungary

Jan Adam

Chapter 9 in Wage Control and Inflation in the Soviet Bloc Countries, 1979, pp 151-163 from Palgrave Macmillan

Abstract: Abstract In this chapter we will concentrate on the SWR in Hungary since the economic reform of 1968. Up to 1968 Hungary relied on the SWR introduced in 1957, under which the centre assigned binding rates of wage increases to enterprises through the hierarchical channels of management. These averages were not allowed to be increased even if enterprises over-fulfilled the plan targets in productivity.1 It was argued that there was no way to measure productivity adequately on the enterprise level. The real reason for this measure, however, was the determination of the authorities to hold down wage increases. Due to the political events of 1956 the control over wages got out of hand and nominal wages increased dramatically in 1956–7.

Keywords: Wage Differential; Average Wage; Wage Increase; Wage Growth; Wage Earner (search for similar items in EconPapers)
Date: 1979
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-04892-2_9

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DOI: 10.1007/978-1-349-04892-2_9

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