The Maturing of the Labor-Management Relationship and a Macroeconomic Analysis of Wage Change

Tsuneo Ono

Japanese Economy, 1990, vol. 18, issue 4, 65-91

Abstract: The logic of economic consistency in the wage function that econometrically predicts the rate of spring offensive wage hike on the basis of a relationship of wage change with macroeconomic determinants has a policy implication that the wage function reflects individual firms' dominant behavioral pattern at wage determination or the wage criteria taken at pattern-setting wage bargainings.

Date: 1990
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DOI: 10.2753/JES1097-203X180465

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