Money Wage Determination Revisited

1968 ◽  
Vol 35 (2) ◽  
pp. 133 ◽  
Author(s):  
O. Eckstein
Keyword(s):  
Wage Determination ◽  
Money Wage

scholarly journals John Maynard Keynes, Joan Robinson and the prospect theory approach to money wage determination

2018 ◽  
Vol 70 (1) ◽  
pp. 45-67
Author(s):  
Ian M. McDonald
Keyword(s):  
Prospect Theory ◽  
Wage Determination ◽  
Theory Approach ◽  
John Maynard Keynes ◽  
Money Wage

Money Wage Determination in Post Keynesian Economics

1980 ◽  
Vol 2 (3) ◽  
pp. 405-419 ◽  
Author(s):  
James E. Annable
Keyword(s):  
Wage Determination ◽  
Money Wage ◽  
Keynesian Economics

Wage-setting Mechanisms in the Russian Industry

2004 ◽  
pp. 66-90 ◽  
Author(s):  
R. Kapelyushnikov
Keyword(s):  
Special Section ◽  
Close Correlation ◽  
Specific Model ◽  
Wage Determination ◽  
Collective Agreement ◽  
Wage Setting ◽  
Industrial Enterprises ◽  
Subsistence Minimum ◽  
Competitive Model ◽  
Very High

The paper examines a specific model of wage-setting evolved in Russia under transition. Using new survey data author reveals paradoxical characteristics of wage-setting mechanisms at Russian industrial enterprises: very high union and collective agreement coverage; nearly unilateral control of managers over wage determination; close correlation between earnings and enterprises' performance; voluntary utilization of wage standards established by the state. The special section explores effects of fulfilling a new provision stipulated for by the recently adopted Labor Code to raise minimum wage to the subsistence minimum level. The author concludes that wage-setting in the Russian labor market is at odds with a textbook competitive model and poorly fits into many other sophisticated theoretical schemes (such as labor-managed firms, bargaining models etc.).

The Economics of wages and wages policy in the depression and recovery period: distinctive elements in the New Zealand debate, 1931- 1936

1970 ◽  
Vol 15 (1) ◽  
Author(s):  
A. M. Endres
Keyword(s):  
New Zealand ◽  
Real Wage ◽  
Labour Productivity ◽  
Recovery Period ◽  
Prima Facie ◽  
Currency Devaluation ◽  
Money Wage ◽  
Distinctive Features ◽  
Compulsory Arbitration ◽  
Wage Cuts

This article discusses distinctive features of the New Zealand debate on the economics of wages and wages policy from 1931 up to the restoration of compulsory arbitration in 1936. Local economic orthodoxy proffered advice which, consistent with Keynes (1936), turned on the need for a general real wage reduction effected mostly through currency devaluation, rather than through further money wage cuts. Dissenters were critical of currency devaluation; they stressed excessively generous unemployment relief, real wage 'overhang' and structural real wage distorttons. Tentative estimates of both aggregate real product wage and labour productivity changes demonstrate, prima facie, that at least one strand in the dissenting argument was defensible.

Japan's Wage Determination Reexamined

1981 ◽  
Vol 10 (2) ◽  
pp. 49-79
Author(s):  
Kazutoshi Koshiro
Keyword(s):  
Wage Determination

Market Power, Productivity and Wage Determination: Ukrainian Firm Level Evidence

2017 ◽  
Author(s):  
Oleksandr Shepotylo ◽  
Volodymyr Vakhitov
Keyword(s):  
Market Power ◽  
Wage Determination ◽  
Firm Level

Wage Determination in Brazilian Formal Sector

2003 ◽  
Author(s):  
Carlos Henrique Leite Corseuil ◽  
Daniel Santos
Keyword(s):  
Wage Determination ◽  
Formal Sector
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