An Analysis Of Real Wages In The Government Sector 1971-76

Syed Nawab Haider Naqvi
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Syed Nawab Haider Naqvi: Quaid-i-Azam University, Islamabad.

in PIDE Books from Pakistan Institute of Development Economics

Abstract: The present study seeks to analyse the trends of real wages in the government sector during the period. 1971-1976. The most important characteristic of this period was a runaway inflation, which gained momentum in late 1971-in fact in early 1972-and reached a peak in 1974-75 petering out in 1975-76. 1 Thus the period under review enclosed most of an important inflationary cycle. The worst sufferer was the fixed income group, the real value of whose ash balances was reduced drastically by such a substantial and persistent price rise. The government did respond to the situation and sought consciously to repair the damage by raising the money wages of its own employees.

Keywords: Government Sector; Wages (search for similar items in EconPapers)
Date: 1977 Written 1977 Originally published 1977.
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