貨幣賃金率決定のメカニズム

The problem that I will be concerned with in this survey article is the determinants of money wage rate in the post-war period. For this purpose I will mainly survey the econometric analysis in the United Kingdom and in America. The theories that are surveyed are as follows ; (1) the theory of the determination of money wage rate by the mechanism of the demand for lubour and the supply of labour. This is represented by the so-called \u27Phillips curve\u27, (2) the bargaining power theory, that is; money wage rate is determined through the bargaining process between the employer and the labour, (3) the theory that takes into account both the interaction between money wage rate and prices and the demand for labour. I will deal with Klein and Ball model and Dicks-Mireaux model there. In this paper I will show that money wage rate cannot be fully explained by only single mechanism and that the institutional factors have to be taken into account in explaining of it