Publication Date

1989

Abstract

Wage-setting institutions in several Asian and Latin American economies are compared and contrasted. The Asian economies have relied more on market wage determination, whereas the Latin American economies have encouraged institutions which push wages in key sectors up above market-clearing levels. Market wage determination, combined with export-led growth, has resulted in rapidly rising real wages in the context of full employment in the Asian economies. The Latin American economies have done less well.

Comments

Required Publisher Statement
© Elsevier. Final version published as: Fields, G. S., & Wan, H. (1989). Wage-setting institutions and economic growth. World Development, 17(9), 1471-1483.
doi: 10.1016/0305-750X(89)90087-9
Reprinted with permission. All rights reserved.

Suggested Citation
Fields, G. S., & Wan, H. (1989). Wage-setting institutions and economic growth[Electronic version]. Retrieved [insert date], from Cornell University, ILR School site: http://digitalcommons.ilr.cornell.edu/articles/1114