TY  - BOOK
AU  - Michie,Jonathan
TI  - Wages in the business cycle: an empirical and methodological analysis 
SN  - 0861876865
AV  - HD4906 .M43 1987
U1  - 331.2'1 
PY  - 1987///
CY  - London
PB  - F. Pinter
KW  - Wages
KW  - Business cycles
N1  - Includes index; Includes bibliographical references: p. 178-190
N2  - 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
ER  -