Abstract
In recent years, the unions of some key enterprises in the United States conceded reductions in contracted increases in pay, and initiated thereby discussions amongst industrial relations practitioners on whether such concessions have established a new pattern of wage bargaining.1
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Notes and References
Robert E. Hall, “The Importance of Lifetime Jobs in the U.S. Economy”, American Economic Review, LXXII (Sept. 1982) pp. 716–24.
Daniel J. B. Mitchell, “Gain-sharing: an Anti-Inflation Reform”, Challenge, 25 (July/Aug. 1982 ) pp. 18–25.
Lloyd Ulman, (ed.), Collective Bargaining and Government Policies ( OECD, Paris 1979 ).
Robert E. Hall, “Employment Fluctuations and Wage Rigidity”, Brookings Papers on Economic Activity I (1980) pp. 91–123, plus “Comments”, pp. 124–41.
A good examination of the role and outcomes of arbitration will be found in Peter Feuille, “Selected Benefits and Costs of Compulsory Arbitration”, Industrial and Labor Relations Review, XXXIII (Oct. 1979) pp. 64–76.
Milton Derber and Martin Wagner, “Public Sector Bargaining and Budget Making Under Fiscal Adversity”, Industrial and Labor Relations Review, XXXIII (Oct. 1979) pp. 18–23.
The standard Keynesian posture. See: John Maynard Keynes, The General Theory of Employment, Interest and Money ( London: Macmillan, 1936 ).
A classic work on this issue is M. Friedman and S. Kuznets, Income from Independent Professional Practice ( New York: National Bureau for Economic Research, 1945 ).
A good review of regulations will be found in Lloyd Ulman and Robert J. Flannagan, Wage Restraint: a Study of Incomes Policies in Western Europe (Berkeley, California: University of California Press, 1971 ).
Daniel J. B. Mitchell provides a comprehensive presentation of both in Unions, Wages and Inflation ( Washington: The Brookings Institution, 1980 ).
Clegg, ibid., pp. 345–82; and OECD, Socially Responsible Wage Policies and Inflation: A Review of Four Countries’ Experience ( Paris: OECD, 1975 ) pp. 49–68.
Barbara Wooton, Income Policy—an Inquest and a Proposal ( London: David-Poynter, 1974 ) p. 60.
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© 1985 Stephen G. peitchinis
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Peitchinis, S.G. (1985). Patterns of Wage Bargaining and Wage Regulations. In: Issues in Management-Labour Relations in the 1990s. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-07751-9_5
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DOI: https://doi.org/10.1007/978-1-349-07751-9_5
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