IDEAS home Printed from
MyIDEAS: Login to save this paper or follow this series

Can Income Policies Reduce Real Wages? Micro-Evidence from the 1931 Australian Award Wage Cut

Wages in Australia have long been set by government tribunals. Although the system may create microeconomic inefficiency, it also may facilitate incomes policies, such as the 10 percent wage cut in 1931. This paper uses records from early to mid-career employees of the Union Bank of Australia to examine the effectiveness of the award wage cut. It is shown that bank responded to the cut in the minimum wage scale by increasing the frequency of payments over the minimum rates, and that between 1924-34 tenure-adjusted real wages were essentially constant. Finally, it is hypothesized that the bank maintained a policy of real wage shielding as part of its internal labour market.

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.

File URL:
Download Restriction: no

Paper provided by Department of Economics, Royal Holloway University of London in its series Royal Holloway, University of London: Discussion Papers in Economics with number 01/5.

in new window

Length: 27 pages
Date of creation: Dec 2001
Date of revision: Dec 2001
Handle: RePEc:hol:holodi:0105
Contact details of provider: Postal: Egham Hill, Egham, Surrey, TW20 0EX, UK.
Phone: +44 1784-414228
Fax: +44 1784-439534
Web page:

Order Information: Postal: Egham Hill, Egham, Surrey, TW20 0EX, UK.

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:hol:holodi:0105. 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: (Claire Blackman)

The email address of this maintainer does not seem to be valid anymore. Please ask Claire Blackman to update the entry or send us the correct address

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 references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.

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

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.