The authors address the issue of how wages are determined in socialist economies. They distinguish between different types of economic regimes, in terms of how much decentralization is permitted and how extensive are market-based features orrules. Wages are commonly assumed to be exogenously...

This report focuses on the implications for wage bargaining and policy of inherited ownership arrangements and rules about wage setting during the transition of socialist economies. The authors discuss the strong tendency toward overemployment and wage drift in socialist systems. They focuses on...