Incomes Policy and Wage Inflation: Empirical Evidence for the UK 1961-1977

1 August 1978

journal article
research article
Published by Cambridge University Press (CUP) in National Institute Economic Review

Vol. 85 (1) , 31-39
https://doi.org/10.1177/002795017808500106

Abstract

Various kinds of incomes policies have been in operation in the UK over a substantial part of the post-war period, particularly since the mid-1960s. There is considerable uncertainty about the effects of incomes policy on the rate of change of wages, and in this paper we attempt to assess the effects of incomes policy using econometric equations of wage inflation.

Keywords

EMPIRICAL EVIDENCE