pay freeze

Related Overviews


'pay freeze' can also refer to...


More Like This

Show all results sharing this subject:

  • Economics


Show Summary Details

Quick Reference

A total standstill on wage rates imposed as part of a prices and incomes policy. This can only be temporary. The structure of wage rates at the moment a freeze is imposed is likely to contain anomalies (due to the exact timing of the wage–price spiral in the period leading up to the freeze) which cause pressure for change. The structure of wages also needs continual adjustment in the face of changes in techniques and tastes in the economy.

Subjects: Economics.

Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.