Pay determination and industrial prosperity

Author(s)

Bibliographic Information

Pay determination and industrial prosperity

Alan A. Carruth and Andrew J. Oswald

Clarendon Press , Oxford University Press, 1989

  • : pbk

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Note

Bibliography: p. [195]-207

Includes index

Description and Table of Contents

Volume

ISBN 9780198286929

Description

This study examines the way in which wage levels are established. The authors differentiate between "internal" and "external" pressures on wages and highlight the importance of factors such as profitability in determining pay structure. The authors draw on a wide range of methods and evidence, including an examination of collective-bargaining documents, industrial-relations surveys of establishments, cross-section regression estimates, time-series regression estimates and experiments documented in the literature of economics and psychology. They then construct a model of real-wage determination using British data from 1954 to 1983, with a principal concern being testing for profit effects upon pay.

Table of Contents

  • Wage determination theories of inflexibility, industrial-relations evidence
  • previous econometric evidence on the link from profits to wages
  • the psychology of equity
  • the seniority model of wage determination
  • empirical results for Britain.
Volume

: pbk ISBN 9780198772965

Description

This study examines the way in which wage levels are established. The authors differentiate between "internal" and "external" pressures on wages and highlight the importance of factors such as profitability in determining pay structure. The authors draw on a wide range of methods and evidence, including an examination of collective-bargaining documents, industrial-relations surveys of establishments, cross-section regression estimates, time-series regression estimates and experiments documented in the literature of economics and psychology. They then construct a model of real-wage determination using British data from 1954 to 1983, with a principal concern being testing for profit effects upon pay.

Table of Contents

  • Introduction
  • Wage determination: Theories of inflexibility
  • Wage determination: Industrial-relations evidence
  • Previous econometric evidence on the link from profits to wages
  • The psychology of equity
  • The seniority model of wage determination
  • Empirical results for Britain
  • Conclusions
  • Statistical appendix
  • Bibliography
  • Index

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