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Persistence of wages, prices and output under rational expectations when the labour market is dominated by workplace bargaining

Oulton, N.; (1983) Persistence of wages, prices and output under rational expectations when the labour market is dominated by workplace bargaining. The Manchester School , 51 (2) pp. 111-128. 10.1111/j.1467-9957.1983.tb00744.x.

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Abstract

"Engineering employers yesterday told union leaders that a severe decline in output would limit their ability to pay higher wages this year. The employers told the Confederation of Shipbuilding and Engineering Unions that they expected output for 1981 to drop by 17 per cent compared with 1979."

Type:Article
Title:Persistence of wages, prices and output under rational expectations when the labour market is dominated by workplace bargaining
DOI:10.1111/j.1467-9957.1983.tb00744.x
Publisher version:http://dx.doi.org/10.1111/j.1467-9957.1983.tb00744.x
Language:English
UCL classification:UCL > School of Arts and Social Sciences > Faculty of Social and Historical Sciences > Economics

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