WAGE POLICY AND DISTRIBUTION THEORY.

Abstract

Previous approaches to wage policy have emphasized the average productivity of labour as a key variable in wage adjustment. This approach can be justified in a simple fixed input coefficient technology. The present paper investigates the problem of wage adjustment in a technology in which factor substitution is possible. (Author)

Document Details

Document Type
Technical Report
Publication Date
Dec 01, 1965
Accession Number
AD0624535

Entities

People

  • J. D. Pitchford

Organizations

  • Stanford University

Tags

DTIC Thesaurus Topics

  • Coefficients
  • Computing-Related Activities
  • Data Science
  • Distribution Theory
  • Engineering
  • Information Science
  • Interdisciplinary Science
  • Mathematical Analysis
  • Mathematics
  • Production Engineering
  • Productivity

Fields of Study

  • Economics

Readers

  • Economics
  • Regression Analysis.