|This centre is a member of The LSE Research Laboratory [RLAB]: CASE | CEE | CEP | FMG | SERC | STICERD||Cookies?|
Paper No' CEPDP0327:
Save Reference as: BibTeX File | EndNote Import File
Is hard copy/paper copy available? YES - Paper Copy Still In Print.
This Paper is published under the following series: CEP Discussion Papers
Share this page: Google Bookmarks | Facebook | Twitter
Abstract:The deregulation of the system of pay determination in Britain in 1979 was intended to give employers the freedom to determine wage increases without the restriction of pay norms or statutory limits. Yet thirteen years later, despite a rise in productivity, nominal wage growth and the growth of unit labour costs were still widely perceived as enduring economic problems. This paper addresses the influence of industrial relations institutions and labour market pressure upon wage increases between 1979 and 1994 using evidence from the CBI''s Pay Databank. Despite the direction of government policy, the external institutional forces of the labour market, particularly the rate of inflation and comparability, appear to have exerted an enduring influence on pay determination.
Copyright © RLAB & LSE 2003 - 2014 | LSE, Houghton Street, London WC2A 2AE | Contact: RLAB | Site updated 23 April 2014