incomes policy


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incomes policy

n
(Economics) See prices and incomes policy

incomes policy

A government policy of keeping wage increases under control in order to reduce or prevent inflation.
Translations

incomes policy

npolitica dei redditi
References in periodicals archive ?
The incomes policy instead provides for flexibility in dealing with that matter,' the minister said.
The new strategy, called incomes policy, involves direct government intervention in the setting of wages.
Rejecting the stringent incomes policy imposed by James Callaghan's Labour government, workers from many different sectors of the economy--autoworkers and nurses, truck drivers and school cleaners, rubbish collectors and gravediggers--went on strike.
Uncertainty and the effects of costs on prices instate state intervention ('socialized' control of investment, and incomes policy to 'regularize' the distributional conflict between wages and profits--and resultant political controversy over the likely efficacy of an expanded state role in economic management) as a standard part of the post-Keynesian worldview.
Basically, the stance is one of using macro instruments for sustainable growth, supplement this with an incomes policy, maintain a fixed exchange rate and tariff levels, and consider nationalising certain key industries, including financial intermediaries.
An incomes policy (and this was an implicit incomes policy) without clear government support and trade-offs could not be expected to work.
A Brief History of Australian Retirement Incomes Policy
The shift to the Right is likely to continue on issues such as housing policy, where Labour will belatedly start to champion home ownership; on nationalisation, where accountability rather than public ownership will become the goal and even on incomes policy, hitherto anathema to the Left.
Mitreva had served as Deputy Minister of Labor and Social Policy, a position she has held since August 2009, with particular responsibility for social security and incomes policy.
This found at least some favour with Mr Thorpe, who agreed with Mr Heath on Europe and on incomes policy.
He further announced that the bill on incomes policy will be tabled in Parliament soon, issues related to high incomes in the public and wider public sector will be handled and that increases that will be given will not move further than salary maturity.