Economic Theory - General & Miscellaneous, Wages & Income - Economics, Microeconomics, Labor Studies - General & Miscellaneous, Working Class

Structure and Determinants of Wage Relativities

Name: Structure and Determinants of Wage Relativities
Author: Alison C. Preston
ISBN: 9780754612445

by Alison C. Preston

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Overview

Drawing on the fields of labour economics and industrial relations, this book simultaneously applies human capital theory and institutional analysis, to an explanation of occupational and other wage differentials. This outstanding study contains a wealth of reference material on both the economic and normative determinants of wages. Destined to become a landmark study in the area of Australian wage determination, the book is an essential text for labour economists, industrial relations specialists, researchers and policy makers alike. Contents: Reflections on wage theory; Human capital model: a theoretical overview; Wages in practice: wage fixing in Australia; Human capital and earnings: a review of the literature; Determinants of male relative earnings; Determinants of female relative earnings; Equitable comparisons and spillover forces in wage determination; Summary and conclusion; Bibliography; Appendices; Index.

Synopsis

Roy Green

Alison Preston draws on a rich tradition of political economy to cast a new light on the institutional and economic factors determining wage behaviour in the modern labour market. This book is a perceptive and original contribution to the literature.

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Editorials

David Plowman

In this book Dr Preston explores both the economic and social determinants of wage rates. She has made a singular contribution to our understanding of social forces by providing hard nosed empirical evidence concerning those forces. The book should be on the reading list of all those seeking greater understanding of the wage phenomenon in industrial societies.

Paul Miller

Alison Preston's book combines insights from the economics and industrial relations literature to provide a thorough study of the system of wage determination in Australia. It is a very useful reference for anyone seeking informaton on the working of the Australian labour market.

Roy Green

William Brown

...well written...tackles a substantial set of issues with authoritative command of both analytical techniques and of the very large relevant literature. It amounts to a substantial and original contribution to knowledge....exceptional.

Booknews

Based largely on her Ph.D. dissertation for the University of Western Australia, Preston (Curtin U. of Technology) seeks to bridge the gap between how industrial relations and labor economics identify and measure the determinants of wages, an integration she finds crucial if scholarship is to influence policy wisely. Though the Australian labor market is the focus of her study, she asserts that the determinants there are not unique, and her findings should be applicable elsewhere as well. Annotation c. Book News, Inc., Portland, OR (booknews.com)