Wages in the business cycle :
Michie, Jonathan.
Wages in the business cycle : an empirical and methodological analysis / - London : F. Pinter, c1987. - vii, 194 p. :ill,
Includes index.
Includes bibliographical references: p. 178-190.
During prolonged economic recessions when the normal cyclical expansion of output fails to materialize, the topic of the ‘cyclical behaviour of wages' has emerged as an area of debate. In 1985, the British Treasury claimed that academic studies into the cyclical behaviour of wages demonstrated that a cut in wages would increase employment. Wages in the Business Cycle contests this argument by presenting the results of original, empirical work which illustrates the absence of any systematic empirical regularity to wage movements over the business cycle.
0861876865
Wages.
Business cycles.
HD4906 / .M43 1987
331.2'1 / MIC
Wages in the business cycle : an empirical and methodological analysis / - London : F. Pinter, c1987. - vii, 194 p. :ill,
Includes index.
Includes bibliographical references: p. 178-190.
During prolonged economic recessions when the normal cyclical expansion of output fails to materialize, the topic of the ‘cyclical behaviour of wages' has emerged as an area of debate. In 1985, the British Treasury claimed that academic studies into the cyclical behaviour of wages demonstrated that a cut in wages would increase employment. Wages in the Business Cycle contests this argument by presenting the results of original, empirical work which illustrates the absence of any systematic empirical regularity to wage movements over the business cycle.
0861876865
Wages.
Business cycles.
HD4906 / .M43 1987
331.2'1 / MIC