- 著者
- MASAHIRO YABUTA
- 出版者
- JAPANESE ECONOMIC ASSOCIATION
- 雑誌
- The Economic Studies Quarterly (ISSN:0557109X)
- 巻号頁・発行日
- vol.43, no.2, pp.129-138, 1992-06-20 (Released:2007-10-19)
- 参考文献数
- 18
The purpose of this paper is primarily to assess the policy effect of TIP (Tax-based Incomes Policy) both on the real wage rate and the rate of unemployment. Originally it was stressed that TIP could curb the inflationary wage bargaining process between labour and management. In the early 1980's, however, the major target which TIP pursued was to reduce the rate of unemployment rather than the rate of inflation. In the neoclassical context, TIP can reduce the level of NAIRU. However, as far as the Keynesian viewpoint is concerned, we can suggest the possibility that TIP does not succeed in reducing the rate of unemployment. In this case, we would still need to combine TIP with a traditional demand management policy.