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PERSISTENCE OF WAGES, PRICES AND OUTPUT UNDER RATIONAL EXPECTATIONS WHEN THE LABOUR MARKET IS DOMINATED BY WORKPLACE BARGAINING *
Author(s) -
OULTON NICHOLAS
Publication year - 1983
Publication title -
the manchester school
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.361
H-Index - 42
eISSN - 1467-9957
pISSN - 1463-6786
DOI - 10.1111/j.1467-9957.1983.tb00744.x
Subject(s) - yesterday , economics , labour economics , persistence (discontinuity) , collective bargaining , engineering , physics , geotechnical engineering , astronomy
“Engineering employers yesterday told union leaders that a severe decline in output would limit their ability to pay higher wages this year. The employers told the Confederation of Shipbuilding and Engineering Unions that they expected output for 1981 to drop by 17 per cent compared with 1979.”