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Fabricant's Laws

Maurice FitzGerald Scott

in A New View of Economic Growth

Published in print:
1991
Published Online:
November 2003
ISBN:
9780198287421
eISBN:
9780191596872
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198287429.003.0013
Subject:
Economics and Finance, Development, Growth, and Environmental

In a study of fifty US manufacturing industries over some 40 years, Fabricant found that labour productivity grew faster where output grew faster, and wage costs per unit of output grew more slowly, ... More


Wage-Price Causality in the Egyptian Economy (1990–2005)

Hanaa Kheir-El-Din

in What Drives Prices in Egypt?: An Analysis in Light of International Experience

Published in print:
2009
Published Online:
September 2011
ISBN:
9789774163036
eISBN:
9781617970344
Item type:
chapter
Publisher:
American University in Cairo Press
DOI:
10.5743/cairo/9789774163036.003.0007
Subject:
Political Science, Political Economy

The consensus in the empirical literature is that higher wage growth does not cause higher inflation. Theory of the inflation process is caused by excess aggregate demand. It argues that expansionary ... More


What Drives Prices in Egypt?: An Analysis in Light of International Experience

Hanaa Kheir-El-Din (ed.)

Published in print:
2009
Published Online:
September 2011
ISBN:
9789774163036
eISBN:
9781617970344
Item type:
book
Publisher:
American University in Cairo Press
DOI:
10.5743/cairo/9789774163036.001.0001
Subject:
Political Science, Political Economy

Since 2004, economic reforms in Egypt have led to robust expansion, a healthy external position, and enhanced investor confidence. But despite these positive macroeconomic developments, inflation has ... More


Monetary Regimes, Wage Bargaining, and the Current Account Crisis in the EMU South: Empirical Evidence

Alison Johnston

in From Convergence to Crisis: Labor Markets and the Instability of the Euro

Published in print:
2016
Published Online:
January 2017
ISBN:
9781501702655
eISBN:
9781501703775
Item type:
chapter
Publisher:
Cornell University Press
DOI:
10.7591/cornell/9781501702655.003.0003
Subject:
Political Science, Political Economy

This chapter presents empirical evidence for the two institutional linkages: that the European Economic and Monetary Union (EMU) led to a bifurcation in sectoral wage developments within its member ... More


Incomplete Monetary Union and Europe’s Current Crisis

Alison Johnston

in From Convergence to Crisis: Labor Markets and the Instability of the Euro

Published in print:
2016
Published Online:
January 2017
ISBN:
9781501702655
eISBN:
9781501703775
Item type:
chapter
Publisher:
Cornell University Press
DOI:
10.7591/cornell/9781501702655.003.0001
Subject:
Political Science, Political Economy

This book explores how the European Economic and Monetary Union (EMU) succumbed to the serious economic crisis it is currently in, arguing that the crisis is related to the recent rise in the ... More


Wage Mobility and Dynamics in Italy in the 1990s

Bruno Contini, Roberto Leombruni, Lia Pacelli, and Claudia Villosio

in The Structure of Wages: An International Comparison

Published in print:
2009
Published Online:
February 2013
ISBN:
9780226470504
eISBN:
9780226470511
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226470511.003.0011
Subject:
Economics and Finance, International

This chapter, which describes the structure of wages within and between Italian firms in the 1990s, shows that firms do not follow a pay compression model in their wage policy. Firm wage policy ... More


Rising incomes and modest inequality: the high-employment route

Lane Kenworthy

in The squeezed middle: The pressure on ordinary workers in America and Britain

Published in print:
2013
Published Online:
September 2013
ISBN:
9781447308942
eISBN:
9781447310822
Item type:
chapter
Publisher:
Policy Press
DOI:
10.1332/policypress/9781447308942.003.0003
Subject:
Sociology, Social Stratification, Inequality, and Mobility

This essay shows that there has only been one brief period since the 1970s in which real wages in the bottom half of the American income distribution have increased - the late 1990s. During this ... More


The National Minimum Wage after a Decade1

Mark B. Stewart

in Employment in the Lean Years: Policy and Prospects for the Next Decade

Published in print:
2011
Published Online:
April 2015
ISBN:
9780199605439
eISBN:
9780191806803
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:osobl/9780199605439.003.0009
Subject:
Business and Management, Political Economy

The UK introduced the National Minimum Wage (NMW) in April 1999 with an adult rate of £3.60 per hour and as of October 2010 stands at £5.93. This chapter looks at a decade of the NMW in action. It ... More


Generating Prosperity for Working Families in Affluent Countries

Brian Nolan (ed.)

Published in print:
2018
Published Online:
October 2018
ISBN:
9780198807056
eISBN:
9780191844836
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198807056.001.0001
Subject:
Economics and Finance, Development, Growth, and Environmental

This book addresses the central challenge facing rich countries: how to ensure that ordinary working families see their living standards and the prospects for their children improve rather than ... More


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