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Structural Inflation And The Economic Function Of Wages: The French Example

In: The Theory of Wage Determination

Author

Listed:
  • François Perroux

    (Institut de Science Économique Appliquée)

Abstract

The share of wages in the French national income is approximately constant and very considerable. Moreover, the structure of wages is highly rigid. We propose to analyse the causes of this rigidity and to show how it contributes to making the economy inherently inflationary. Finally, we shall inquire whether the rigidity of wages does not denote a fundamental misconception of the economic function of wages under any economic system, and we shall suggest a reconsideration of distribution theory.

Suggested Citation

  • François Perroux, 1957. "Structural Inflation And The Economic Function Of Wages: The French Example," International Economic Association Series, in: John T. Dunlop (ed.), The Theory of Wage Determination, chapter 0, pages 251-263, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-15205-6_16
    DOI: 10.1007/978-1-349-15205-6_16
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