The relation between profits and the rate of change of money wages in australia

Calvin D. Siebert, Mahmood A. Zaidi

Research output: Contribution to journalArticlepeer-review

1 Scopus citations

Abstract

Wage determination has been the subject of an immense amount of study and controversy in recent years in Australia. In most of the Australian wage equations, either the profit variable has been omitted or specifically rejected. This study tests the hypothesis that the rate of change of money wages may be influenced by the profit variable. Our results show that profit is an important explanatory variable in the explanation of money wage change in Australia.

Original languageEnglish (US)
Pages (from-to)121-129
Number of pages9
JournalAustralian Journal of Management
Volume9
Issue number1
DOIs
StatePublished - Jun 1984

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