Wage Leadership in Construction.
CENTER FOR NAVAL ANALYSES ALEXANDRIA VA
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Wage leadership is the theory that wage increases in one sector lead to imitative increases elsewhere. In this paper we test this theory in a large industry where wage leadership is supposed to be dominant--construction. Alternate theories of wage determination excess demand, real wage bargaining are also tested, along with the efficacy of the 1971-73 wage controls. Author
- Economics and Cost Analysis
- Personnel Management and Labor Relations