La BCE suggerisce che le retribuzioni nominali del lavoro debbano crescere in linea con la produttività dei lavoratori, e non oltre questa. I Paesi "viziosi" che non rispettano questa regola perdono progressivamente competitività. Questa è la "regola di piombo" per la distribuzione del...

Рассматривается динамика дифференциации заработной платы в регионах России. Приводятся рекомендации по совершенствованию социальной политики оплаты труда.

Wages, productivity, and the "rule of lead" of the ECB The ECB suggests that hourly nominal wages should increase in line with real hourly labour productivity, and not exceed it. The "vicious" countries which do not follow this rule loose progressively competitiveness. This is the "rule of lead"...

This paper offers a critical discussion of the concept of labour market rigidity relevant to explaining unemployment. Starting from Keynes’s own view, we discuss how the concept of labour market flexibility has changed over time, involving nominal or real wage flexibility, contract flexibility...

This article re-examines Earl Hamilton’s famous 1929 thesis on ‘Profit Inflation’ and the ‘birth of modern industrial capitalism’: namely, that the inflationary forces of the Price Revolution era produced a widening gap between prices and wages, thus providing industrial entrepreneurs...

This study is a much revised and extended version of two previously issued working papers on the production, sale, and consumption of woollen textiles in England and the Low Countries, from the fourteenth to the sixteenth centuries. It focuses on the hey-day of the production and international...

This is a substantially revised version of an earlier Working Paper (posted in 2002, with a different title), based on much new data and other information. It re-examines Earl Hamilton’s famous 1929 thesis on ‘Profit Inflation’ and the ‘birth of modern industrial capitalism’: namely,...

The traditional and almost universal method of expressing real wages is by index numbers, according to the formula: RWI = NWI/CPI: i.e., the real wage is the quotient of the nominal (money) wage index divided by the consumer price index, all employing a common base period (here: 1451-75 = 100)....