Legislative profits and the rate of change of money wages: A graphical exposition

B-Tier
Journal: Public Choice
Year: 1979
Volume: 34
Issue: 3
Pages: 365-380

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

A public choice model of union wage bargaining behavior has led to the hypotheses that money wage growth rates crucially depend on government ideology and vary rhythmically with election dates. This provides another link between the economy and the polity in Western-type democracies which apparently has been neglected so far. The hypotheses were supported by a time series analysis of negotiated money wage growth rates in postwar West Germany. Finally, after a graphical presentation of the empirical results, the implications of this paper's findings for politicoeconomic modelling, wage theory, macroeconomic theory and policy, and industrial relations theory were briefly discussed. Copyright Martinus Nijhoff Publishers b.v. 1979

Technical Details

RePEc Handle
repec:kap:pubcho:v:34:y:1979:i:3:p:365-380
Journal Field
Public
Author Count
1
Added to Database
2026-01-25