Advertisement

The Evolution of Wage Differentials: A Study of British Data

  • G. Rottier
Part of the International Economic Association Series book series (IEA)

Abstract

Wage differentials in the British economy varied widely in pre-war years while the general level of wages remained fairly stable; since 1944, however, wage differentials generally narrowed while the general level of wages was constantly rising. The latter period is also characterized by the appearance of a wage slide, that is, of a considerable divergence between the behaviour of negotiated wage rates and of effective earnings.

Keywords

Wage Rate Wage Differential Unit Labour Cost Wage Structure Average Earning 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Notes

  1. 1.
    This factor was suggested by Lloyd G. Reynolds, ‘Wages in the Business Cycle’, American Economic Review, Proceedings (May 1952), pp. 84–99.Google Scholar
  2. 1.
    This factor was also pointed out by E. H. Phelps Brown, London and Cambridge Economic Service (May 1951), pp. 42–43.Google Scholar

Copyright information

© International Economic Association 1957

Authors and Affiliations

  • G. Rottier
    • 1
  1. 1.London OfficeInstitut de Science Économique AppliquéeUK

Personalised recommendations