IDEAS home Printed from https://ideas.repec.org/h/nbr/nberch/0994.html
   My bibliography  Save this book chapter

The Effects of Phases I, II, and III on Wages, Prices, and Profit Margins in the Manufacturing Sector of the United States

In: Analysis of Inflation: 1965–1974

Author

Listed:
  • Ahmad Al-Samarrie
  • John Kraft
  • Blaine Roberts

Abstract

No abstract is available for this item.

Suggested Citation

  • Ahmad Al-Samarrie & John Kraft & Blaine Roberts, 1977. "The Effects of Phases I, II, and III on Wages, Prices, and Profit Margins in the Manufacturing Sector of the United States," NBER Chapters, in: Analysis of Inflation: 1965–1974, pages 241-298, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberch:0994
    as

    Download full text from publisher

    File URL: http://www.nber.org/chapters/c0994.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Truett, Dale & Roberts, Blaine, 1973. "Classical Production Functions, Technical Optimality, and Scale Adjustments of the Firms," American Economic Review, American Economic Association, vol. 63(5), pages 975-982, December.
    2. Robert J. Gordon, 1971. "Inflation in Recession and Recovery," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 2(1), pages 105-166.
    3. Otto Eckstein & Thomas A. Wilson, 1962. "The Determination of Money Wages in American Industry," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 76(3), pages 379-414.
    4. Robert J. Gordon, 1972. "Wage-Price Controls and the Shifting Phillips Curve," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 3(2), pages 385-421.
    5. O. C. Ashenfelter & G. E. Johnson & J. H. Pencavel, 1972. "Trade Unions and the Rate of Change of Money Wages in United States Manufacturing Industry," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 39(1), pages 27-54.
    6. William Poole, 1973. "Wage-Price Controls: Where Do We Go From Here?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 4(1), pages 285-299.
    7. Arthur M. Okun, 1973. "Upward Mobility in a High-Pressure Economy," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 4(1), pages 207-262.
    8. Stein, Jerome L & Borts, George H, 1972. "Behavior of the Firm Under Regulatory Constraint," American Economic Review, American Economic Association, vol. 62(5), pages 964-970, December.
    9. A. W. Phillips, 1958. "The Relation Between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861–1957," Economica, London School of Economics and Political Science, vol. 25(100), pages 283-299, November.
    10. Barry Bosworth, 1972. "Phase II: The U.S. Experiment with an Incomes Policy," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 3(2), pages 343-384.
    11. S. W. Black & H. H. Kelejian, 1972. "The Formulation of the Dependent Variable in the Wage Equation," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 39(1), pages 55-59.
    12. Turnovsky, Stephen J, 1972. "The Expectations Hypothesis and the Aggregate Wage Equation: Some Empirical Evidence for Canada," Economica, London School of Economics and Political Science, vol. 39(153), pages 1-17, February.
    13. E. Kuh, 1967. "A Productivity Theory of Wage Levels—An Alternative to the Phillips Curve," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 34(4), pages 333-360.
    14. O. Eckstein, 1968. "Money Wage Determination Revisited," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 35(2), pages 133-143.
    15. Wachter, Michael L, 1970. "Cyclical Variation in the Interindustry Wage Structure," American Economic Review, American Economic Association, vol. 60(1), pages 75-84, March.
    16. G. L. Perry, 1964. "The Determinants of Wage Rate Changes and the Inflation-Unemployment Trade-off for the United States," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 31(4), pages 287-308.
    17. Perry, George L, 1969. "Wages and the Guideposts: Reply," American Economic Review, American Economic Association, vol. 59(3), pages 365-370, June.
    18. Wachter, Michael L, 1974. "Phase II, Cost-Push Inflation, and Relative Wages," American Economic Review, American Economic Association, vol. 64(3), pages 482-491, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Aurélien Goutsmedt & Goulven Rubin, 2018. "Robert J. Gordon and the introduction of the natural rate hypothesis in the Keynesian framework," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01821825, HAL.
    2. Sung Y. Kwack, 1974. "Price linkage in an interdependent world economy: price responses to exchange rate and activity changes," International Finance Discussion Papers 56, Board of Governors of the Federal Reserve System (U.S.).
    3. Roger E. Brinner, 1999. "Is inflation dead?," New England Economic Review, Federal Reserve Bank of Boston, issue Jan, pages 37-49.
    4. Mordecai Kurz, 1979. "A Strategic Theory of Inflation," NBER Working Papers 0379, National Bureau of Economic Research, Inc.
    5. Wolfgang Pollan, 1980. "Wage rigidity and the structure of the Austrian manufacturing industry," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 116(4), pages 697-728, December.
    6. Sung Y. Kwack, 1973. "The effects of foreign inflation on domestic prices and the relative price advantage of exchange rate changes," International Finance Discussion Papers 35, Board of Governors of the Federal Reserve System (U.S.).
    7. Cho, Byung Sun & Shin, Kwanho, 1997. "Intra-industry wage differences over the business cycle," Economics Letters, Elsevier, vol. 56(3), pages 317-323, November.
    8. P. C. Afxentiou*, 1985. "Opportunity Costs and Collective Bargaining," South African Journal of Economics, Economic Society of South Africa, vol. 53(4), pages 244-250, December.
    9. Christoffel, Kai & Costain, James & de Walque, Gregory & Kuester, Keith & Linzert, Tobias & Millard, Stephen & Pierrard, Olivier, 2009. "Inflation dynamics with labour market matching: assessing alternative specifications," Bank of England working papers 375, Bank of England.
    10. Cebula, Richard, 1979. "More on Analyzing the Phillips Curve for the United States, 1950-1975," MPRA Paper 50227, University Library of Munich, Germany.
    11. repec:eee:labchp:v:2:y:1986:i:c:p:1001-1035 is not listed on IDEAS
    12. Nowotny, Ewald, 1980. "Inflation and Taxation: Reviewing the Macroeconomic Issues," Journal of Economic Literature, American Economic Association, vol. 18(3), pages 1025-1049, September.
    13. Franz, Wolfgang & Gordon, Robert J., 1993. "German and American wage and price dynamics : Differences and common themes," European Economic Review, Elsevier, vol. 37(4), pages 719-754, May.
    14. Paul Wachtel, 1977. "Survey Measures of Expected Inflation and Their Potential Usefulness," NBER Chapters, in: Analysis of Inflation: 1965–1974, pages 361-402, National Bureau of Economic Research, Inc.
    15. James Forder, 2014. "Nine views of the Phillips curve: Eight authentic and one inauthentic," Economics Series Working Papers 724, University of Oxford, Department of Economics.
    16. M. Ishaq Nadiri & Veena Gupta, 1977. "Price and Wage Behavior in the U.S. Aggregate Economy and in Manufacturing Industries," NBER Chapters, in: Analysis of Inflation: 1965–1974, pages 195-240, National Bureau of Economic Research, Inc.
    17. Charles Holt & Martin David, 1966. "The Concept of Job Vacancies in a Dynamic Theory of the Labor Market," NBER Chapters, in: The Measurement and Interpretation of Job Vacancies, pages 73-110, National Bureau of Economic Research, Inc.
    18. McLaughlin, Kenneth J & Bils, Mark, 2001. "Interindustry Mobility and the Cyclical Upgrading of Labor," Journal of Labor Economics, University of Chicago Press, vol. 19(1), pages 94-135, January.
    19. Marcel Chassot, 1982. "Zur Asymmetrie des Lohnverhaltens - Das Beispiel der schweizerischen Phillips-Kurve: 1959-1979," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 118(IV), pages 393-407, December.
    20. Sparks, Gordon R & Wilton, David A, 1971. "Determinants of Negotiated Wage Increases: An Empirical Analysis," Econometrica, Econometric Society, vol. 39(5), pages 739-750, September.
    21. Nikolsko-Rzhevskyy, Alex & Papell, David H., 2012. "Taylor rules and the Great Inflation," Journal of Macroeconomics, Elsevier, vol. 34(4), pages 903-918.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nbr:nberch:0994. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/nberrus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.