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Wage Adjustments and Labour Market Systems: A Cross-Country Analysis

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  • Withers, Glenn
  • Pitman, D
  • Whittingham, B

Abstract

Evidence is presented on how well alternative systems of wage determination facilitate disaggre gate labor-market adjustment. Tests of statistical causality are used to relate labor-market pressure to relative wage changes. The conclu sion is that rates of change of relative wages are determined indepen dently of the microeconomic market balance. This result holds irrespe ctive of the institutional form of the wage-fixing system. Copyright 1986 by The Economic Society of Australia.

Suggested Citation

  • Withers, Glenn & Pitman, D & Whittingham, B, 1986. "Wage Adjustments and Labour Market Systems: A Cross-Country Analysis," The Economic Record, The Economic Society of Australia, vol. 62(179), pages 415-426, December.
  • Handle: RePEc:bla:ecorec:v:62:y:1986:i:179:p:415-26
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    Cited by:

    1. repec:bla:ozechr:v:57:y:2017:i:3:p:291-315 is not listed on IDEAS
    2. Tim Robinson & Tim Atkin & Mark Caputo & Hao Wang, 2017. "Macroeconomic Consequences of Terms of Trade Episodes, Past and Present," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 57(3), pages 291-315, November.
    3. Elizabeth Webster & Yi-Ping Tseng, 2002. "The Determinants of Relative Wage Change in Australia," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 35(1), pages 70-84.
    4. Michael Coelli & Jerome Fahrer & Holly Lindsay, 1994. "Wage Dispersion and Labour Market Institutions: A Cross Country Study," RBA Research Discussion Papers rdp9404, Reserve Bank of Australia.
    5. John Freebairn, 1998. "Microeconomics of the Australian Labour Market," RBA Annual Conference Volume,in: Guy Debelle & Jeff Borland (ed.), Unemployment and the Australian Labour Market Reserve Bank of Australia.

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