Conventional Incomes Policies

K. Holden, David Peel and J. L. Thompson
Additional contact information
K. Holden: University of Liverpool
J. L. Thompson: Liverpool Polytechnic

Chapter 2 in The Economics of Wage Controls, 1987, pp 30-68 from Palgrave Macmillan

Abstract: Abstract We saw in Chapter 1 that various western governments have attempted, by means of incomes policies, to influence the way in which wages and prices change. In this chapter, in sections 2.1–2.3 we first consider how the effects of an incomes policy might be determined. Theories of wage and price determination are presented and the empirical evidence relating to them is reviewed in sections 2.4–2.8. In section 2.9 the microeconomic implications of an incomes policy are discussed and in section 2.10 the political rationale for an incomes policy is considered. A summary of our conclusions is presented in section 2.11.

Keywords: Real Wage; Rational Expectation; Wage Equation; Nominal Wage; Phillips Curve (search for similar items in EconPapers)
Date: 1987
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-18677-8_2

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349186778

DOI: 10.1007/978-1-349-18677-8_2

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().