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1
Economics of Unemployment
Wage Drift under Corporatism There is also some evidence regarding the
existence of considerable wage drift in corporatist economies. It has been argued
that wage moderation at the central level may be offset to a substantial degree at
the ...
2
Unemployment and Labour Market Flexibility: Italy
Wage drift in metal and metalworking, Italy, 1976-90 % of earnings 60 50 40 30
20 10 White collar Blue collar Average 1976 1977 1978 1979 1980 1981 1982
1983 1984 1985 1986 1987 1988 1989 1990 Source: ASAP (Associazione ...
Loretta De Luca, Michele Bruni, 1993
3
Wages Policy in the British Coalmining Industry: A Study of ...
6.2 Wage drift and central wage control Wage drift is identified with a tendency for
actual rates of pay in the workplace to rise at a faster rate than wage increases
negotiated periodically under national wage agreements. The wage drift implies
...
4
The Economic Theory of Fiscal Policy
'Equilibrium', as now defined, obviously does not imply that market-conditioned
wage-drift does not appear at all. Itonly implies that if upward wage-drift appears
in certain sub-markets, corresponding downward wage-drift must take place in ...
5
Unemployment and Labour Market Flexibility: Finland
In addition to the negotiated wage, there is "wage drift" that together with
employers' social security contributions (payroll taxes) affect total labour costs.
Figure 1 6 shows how the components of total labour costs and the product
prices in ...
Reija Lilja, Tuire Santamäki-Vuori, Guy Standing, 1990
6
The
Wage Bargaining Structure in Norway and Sweden and Its ...
Moreover, Holmlund and Skedinger (1990) find that, on average, wage drift has
partially offset the negotiated wage increase. Wage drift in Norway over the past
30 years has typically averaged about half of the total wage increase ...
7
Wage Determination and Incomes Policy in Open Economies
The risk of cost pressure originating in wage drift may be reduced by a tradition (
such as exists in the Netherlands and the Federal Republic of Germany) of
systematic job evaluation recognized by the unions and of written agreements ...
8
Unions, Employers, and Central Banks: Macroeconomic ...
In 1966, VF proposed that anticipated wage drift (extracontrac- tual increases
over the contract period) should be calculated as part of the costs of wage
agreements, so that those who expected wage drift (especially in engineering,
where ...
Torben Iversen, Jonas Pontusson, David Soskice, 2000
9
Neo-liberal Economic Policy: Critical Essays
Consequently, both profits and labour market conditions must be included in a
wage drift equation representing the R-M model. However, the theory of X-
inefficiencies is irreconcilable with an assumption of highly competitive labour
and ...
Philip Arestis, Malcolm C. Sawyer, 2004
A deemphasis of, or withdrawal from, solidaristic wage policy by LO should
reduce the wage drift that results from local efforts to offset centrally negotiated
wage compression. It would hardly eliminate wage drift, however, as is evident
from the ...
Barry Bosworth, Alice M. Rivlin
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MAURICE NEWMAN: Why Australia Is On The Brink Of Slipping …
So, yes what they have essentially created is called wage drift. And what happens is that the engineers at Qantas have said that over a period of time they will ... «Business Insider Australia, Gru 14»
Norwegian workers' wages increased
The agreement sets a framework of a 3.65 percent increase in wages for 200,000 of LO's members, including local increases and so-called “wage drift” that ... «Views and News from Norway, Mar 11»
