Wages and Inflation—A Macroeconomic Analysis

Jan Adam

Chapter 2 in Wage Control and Inflation in the Soviet Bloc Countries, 1979, pp 33-53 from Palgrave Macmillan

Abstract: Abstract This chapter is concerned with the macroeconomic role of wage inflation in the countries under review. In view of the general definition of inflation, wage inflation is to be understood as inflation (open and repressed) caused by excessive growth of the global wage-fund in relation to the rate of increase in the volume of goods and services on which the increment in wages is to be spent. The objective of this chapter therefore is to examine the contribution of wage growth to the generation of shortages of consumer goods and services and thus to open and/or repressed inflation.

Keywords: Productivity Growth; Real Wage; National Income; Average Wage; Wage Increase (search for similar items in EconPapers)
Date: 1979
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:978-1-349-04892-2_2

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349048922

DOI: 10.1007/978-1-349-04892-2_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 ().