The determination of wages in socialist economies: Some microfoundations.
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TextPublication details: Washington : World Bank, 1991.Subject(s): Summary: This paper argues that wages are commonly assumed to be exogenously determined in socialist economies. But wages in socialist economies have been determined by a combination of institutional and economic factors.
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This paper argues that wages are commonly assumed to be exogenously determined in socialist economies. But wages in socialist economies have been determined by a combination of institutional and economic factors.
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