Indexation and Incomes Policy: A Study of Wage Adjustment in Unionized Manufacturing
Data from nearly 200 collective bargaining units are used to study the frequency of wage changes from 1957 to 1978. It is shown that in comes policies during the Kennedy, Johnson, and Nixon administrations encouraged changes in the length of time between wage adjustments. I nflation, often thought to be responsible for fluctuations in the co verage of indexing provisions, is found to play virtually no role. Th e conclusion is that government intervention in the wage-price proces s aroused fears that the government will intervene again in the futur e. In the presence of this uncertainty, the wage-adjustment provision s of collective bargaining contracts were changed. Copyright 1987 by University of Chicago Press.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
When requesting a correction, please mention this item's handle: RePEc:ucp:jlabec:v:5:y:1987:i:3:p:391-412. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Journals Division)
If references are entirely missing, you can add them using this form.