Wage Determination In The Public Sector
Main Article Content
Keywords
Public Sector, Wage Determination
Abstract
As the economy continues to recover from the recent recession of 2008-2009, there has been much discussion of the related issues of increases in federal, state, and local budget deficits and debt. A major element of that discussion concerns public employee salaries and benefits, including under-funded pension benefits. This paper involves the development of a theoretical model for the determination of wages and salaries in the public sector which has implications for these current issues.
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