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.
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Notes
This factor was suggested by Lloyd G. Reynolds, ‘Wages in the Business Cycle’, American Economic Review, Proceedings (May 1952), pp. 84–99.
This factor was also pointed out by E. H. Phelps Brown, London and Cambridge Economic Service (May 1951), pp. 42–43.
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© 1957 International Economic Association
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Rottier, G. (1957). The Evolution of Wage Differentials: A Study of British Data. In: Dunlop, J.T. (eds) The Theory of Wage Determination. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-15205-6_15
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DOI: https://doi.org/10.1007/978-1-349-15205-6_15
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-15207-0
Online ISBN: 978-1-349-15205-6
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