01703cas a2200241 a 4500 AALejournalIMF008606 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451853384 1018-5941 BD-DhAAL BD-DhAAL Lane, Timothy. Wage Controls and Employment in a Socialist Economy / Timothy Lane. Washington, D.C. : International Monetary Fund, 1991. 1 online resource (26 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Wage controls have been an important element of several of the stabilization programs recently introduced in reforming socialist economies. In some cases, the controls have been placed on each state enterprise's total wage bill, rather than on the wage rate paid. Such an incomes policy would be expected to have a dampening effect on employment, but this has not generally occurred; on the contrary, declines in employment in state enterprises have typically been much less than the associated declines in output. This paper presents a simple model of a labor-managed enterprise which offers an explanation of the behavior of wages and employment under such an incomes policy. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1991/111 Full text available on IMF http://elibrary.imf.org/view/journals/001/1991/111/001.1991.issue-111-en.xml IMF e-Library