Pastore, Francesco - Institute for the Study of Labor (IZA) - 2010
determination of wages. This paper aims to assess the impact of such incomes policy agreements on the long and short run equilibrium … relationship between real wages, labour productivity and unemployment. Different time series econometric tools confirm that incomes … prices, but also on real wages. In a sense, incomes policy has caused a new form of (upward) wage rigidity. Interestingly, no …