The determination of wages in socialist economies: Some microfoundations.
By: Commander, Simon; Staehr, Karsten.
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BookPublisher: Washington : World Bank, 1991Subject(s): Wages | Wages -- Socialist countries. -- Wages -- Socialist countriesSummary: 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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