Sliding scales and wage flexibility in 1920s Britain

Article Abstract:

Research was conducted to examine the role of sliding scales and wage flexibility in early 1920s Britain. The objective was to take into account their possible contribution using cross-sectional industry data. Data were taken from wage level information for 49 industries for 1920 and 1924 and supplemented with data from the Labour Gazette and the UK 1924 Census of Production on industry characteristics. Results indicate that sliding scales had little effect on wage-setting during the rapid deflation of the early 1920s.

United Kingdom, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Pricing Policy, Wages & Hours Regulation, Statistical Data Included, Pricing, Prices, Labor law, Wages, Wages and salaries, 1920s (Decade) AD, Cost of living adjustment

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The J Curve: China versus her trading partners

Article Abstract:

Impact of change in exchange and currency value on the trade balance of China, with reference to the J-curve phenomenon, is examined.

China, Forecasts, trends, outlooks, Analysis, Forecasts and trends, Foreign exchange, Foreign exchange rates, Market trend/market analysis, Balance of trade

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