Incomes policy is a term coined after the Second World War which covers a wide range of notions. Here it will be used in the sense that a government has a view about the sort of economic trends which are consistent with its objectives, and in particular about price stability or a reduction of the prevailing rate of inflation, and that it derives from this view certain targets for the development of incomes and takes steps to attain these targets through adequate policy measures. Although vague exhortations about restraints are thus excluded in this way the definition still covers a large number of experiments carried out in the postwar period [1].


Labour Market Trade Union Small Country Price Policy Wage Increase 
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    Policies for Price Stability, OECD (Paris, 1962), page 23.Google Scholar
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    Lloyd Uiman and Robert J. Flanagan, Wage Restraint: A Study of Incomes Policies in Western Europe (Berkeley, 1971).Google Scholar
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    Pieter de Wolff, ‘The Netherlands and Germany’, in Incomes Policy: What Can We Learn from Europe, edited by Walter Galenson (New York: Cornell University, Ithaca, 1973).Google Scholar
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    ‘Income in Post-war Europe’, Economic Survey of Europe in 1965: part 2 (Geneva 1967), chapter 1, pages 14/15.Google Scholar
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    Hannek Suppanz and Derek Robinson, Prices and Incomes Policy, the Austrian Experience, OECD (Paris, 1972).Google Scholar
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    Wages and Labour Mobility, by a group of experts under the auspices of the OECD (Paris, 1965).Google Scholar
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    Odd Aukrust, Inflation in the Open Economy, Arbeidsnotater Statistisk Central-byrå (Oslo, 1975).Google Scholar
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    G. P. Shultz and Robert Z. Aliber, Guide Lines, Informal Controls and the Market Place (Chicago, 1966).Google Scholar
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    Economic Report of the President(Washington, 1972, 1973).Google Scholar
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    R. G. Lipsey and J. M. Parkin, ‘Incomes Policy: A Re-appraisal’, Economica (May 1970).Google Scholar

Copyright information

© International Economic Association 1977

Authors and Affiliations

  • Pieter de Wolff
    • 1
  1. 1.University of AmsterdamThe Netherlands

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