The Effects of Recent Long-Term Wage Agreements on General Wage Level Movements: 1950–1956

Benson Soffer

The Quarterly Journal of Economics, 1959, vol. 73, issue 1, 36-60

Abstract: I. Definitions and hypotheses, 36. — II. The evidence, 37; spreading of automatic wage increases during inflation, 38; automatic increases as a floor under wage changes during price stability, 48. — III. Conclusions, 50; summary of the findings, 50; limitations of the findings, 51; mechanism by which GM-type agreements influence wage negotiations, 52; some implications of this study, 54. — Appendix: conceptual considerations, 55; methodological considerations, 57; some alternative views on the findings considered, 59.

Date: 1959
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