The Resource The "Puzzle" of Wage Moderation in the 1980s, Pierre Poret, (electronic book)

The "Puzzle" of Wage Moderation in the 1980s, Pierre Poret, (electronic book)

Label
The "Puzzle" of Wage Moderation in the 1980s
Title
The "Puzzle" of Wage Moderation in the 1980s
Statement of responsibility
Pierre Poret
Creator
Subject
Language
eng
Summary
In the 1980s, real consumption wages fell relative to labour efficiency in OECD countries, although there has been some pressure on wages recently. The persistent moderation of wages was due to labour-market slack, as well as rising non-wage labour costs and slower increases in output prices relative to consumer prices in some countries. It does not appear to reflect changes in wage behaviour. The analysis of time-series properties suggests that, typically, wages do not fully catch up to past losses. There is, furthermore, no strong evidence for instability of well-specified wage equations with the exception of France where stringent monetary policy since 1983 may have modified the formation of expectations ..
Member of
Cataloging source
FR-PaOEC
http://library.link/vocab/creatorName
Poret, Pierre
Government publication
international or intergovernmental publication
Literary form
non fiction
Nature of contents
dictionaries
Series statement
OECD Economics Department Working Papers,
Series volume
no.87
http://library.link/vocab/subjectName
Economics
Label
The "Puzzle" of Wage Moderation in the 1980s, Pierre Poret, (electronic book)
Instantiates
Publication
Antecedent source
not applicable
Control code
746401378560
Dimensions
21 x 29.7cm.
Extent
55 p.
File format
multiple file formats
Form of item
online
Specific material designation
remote
System control number
(FR-PaOEC)
Label
The "Puzzle" of Wage Moderation in the 1980s, Pierre Poret, (electronic book)
Publication
Antecedent source
not applicable
Control code
746401378560
Dimensions
21 x 29.7cm.
Extent
55 p.
File format
multiple file formats
Form of item
online
Specific material designation
remote
System control number
(FR-PaOEC)

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