Market and spillover forces in wage award determination in Australia: 1986to 1997

Authors
Preston, A
Citation
A. Preston, Market and spillover forces in wage award determination in Australia: 1986to 1997, APPL ECON, 32(15), 2000, pp. 1957-1965
Citations number
19
Categorie Soggetti
Economics
Journal title
APPLIED ECONOMICS
ISSN journal
00036846 → ACNP
Volume
32
Issue
15
Year of publication
2000
Pages
1957 - 1965
Database
ISI
SICI code
0003-6846(200012)32:15<1957:MASFIW>2.0.ZU;2-Y
Abstract
This paper examines the role of market and spillover forces in wage award d etermination in Australia. The results show, consistent with other similar studies, that wage awards are only weakly related to market forces. In the period studied (1986 to 1997) spillover forces emerge as the dominant deter minant of award wage adjustments. The results thus provide some empirical e vidence for phenomenon such as wage rigidity.