Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/10319
Appears in Collections:Economics Journal Articles
Peer Review Status: Refereed
Title: Internal and External Influences Upon Pay Settlements
Authors: Blanchflower, David
Oswald, Andrew J
Contact Email: david.blanchflower@stir.ac.uk
Issue Date: Nov-1988
Publisher: Blackwell Publishing / London School of Economics
Citation: Blanchflower D & Oswald AJ (1988) Internal and External Influences Upon Pay Settlements, British Journal of Industrial Relations, 26 (3), pp. 363-370.
Abstract: This article discusses the impact of internal and external influences of labor market on wage settlements in Great Britain. It is important to make clear that all union bargaining models of wage determination can generate similar predictions. The classical theory of the labor market is quite different. Under competitive conditions, the wage an employer pays is neither under his control nor under that of his workers. The going rate of pay is fixed by conditions in the whole economy, and most especially by the total demand for and supply of labor.
Type: Journal Article
URI: http://hdl.handle.net/1893/10319
DOI Link: http://dx.doi.org/10.1111/j.1467-8543.1988.tb00756.x
Rights: The publisher does not allow this work to be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study.
Affiliation: Economics
London School of Economics

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