Home > The Oxford Dictionary of Economics > pay control
pay control
pay controlControl over wage rates, as part of a prices and incomes policy. As there are thousands of wage rates, no control body could actually determine them all from first principles: pay control has usually been content with limiting increases, either to some percentage or some flat-rate increase. A pay freeze is a particularly drastic form of pay control where the target rate of increase is set at zero.
Join eNotes
Over 3,500 study guides, question and answer forums, literature criticism, reference content, and much more!
Oxford University Press Titles
- The Concise Oxford Dictionary of Archaeology
- The Oxford Dictionary of Economics
- The Oxford Companion to American Literature
- The Oxford Companion to American Military History
- The Oxford Companion to Classical Civilization
- The Oxford Companion to English Literature
- The Oxford Companion to Fairy Tales
- The Oxford Companion to Shakespeare
- The Oxford Dictionary of Plays
- The Oxford Dictionary of Art
- Oxford Dictionary of Sociology
- Oxford Dictionary of World History
- Oxford Dictionary of World Mythology
