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Conventional Incomes Policies

In: The Economics of Wage Controls

Author

Listed:
  • K. Holden

    (University of Liverpool)

  • D. A. Peel

    (University College)

  • J. L. Thompson

    (Liverpool Polytechnic)

Abstract

We saw in Chapter 1 that various western governments have attempted, by means of incomes policies, to influence the way in which wages and prices change. In this chapter, in sections 2.1–2.3 we first consider how the effects of an incomes policy might be determined. Theories of wage and price determination are presented and the empirical evidence relating to them is reviewed in sections 2.4–2.8. In section 2.9 the microeconomic implications of an incomes policy are discussed and in section 2.10 the political rationale for an incomes policy is considered. A summary of our conclusions is presented in section 2.11.

Suggested Citation

  • K. Holden & D. A. Peel & J. L. Thompson, 1987. "Conventional Incomes Policies," Palgrave Macmillan Books, in: The Economics of Wage Controls, chapter 2, pages 30-68, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-18677-8_2
    DOI: 10.1007/978-1-349-18677-8_2
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