Wages in the business cycle : an empirical and methodological analysis /
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TextPublication details: London : F. Pinter, c1987.Description: vii, 194 p. :illISBN: - 0861876865
- 331.2'1 MIC
- HD4906 .M43 1987
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| 330.974 NAT The economic state of New England; | 331.13'7 GOD Global unemployment : | 331.13'7 GOD Global unemployment : | 331.2'1 MIC Wages in the business cycle : | 331.2'1 MIC Wages in the business cycle : | 331.2'1 MIC Wages in the business cycle : | 331.252'09669 OTI Pension administration in Nigeria : |
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.
rpm 15/02/2018
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