National wage policy and productivity

Abstract

The 1^st part of this article concerns with the formulation of the goals to be attained and the choises of the instruments for a wage policy, in industrialised economies and in those in way of industrialization. On what concerns the Portuguese case (2^nd part), the selection and evaluation of objectives of the national wage policy is discussed. Criteria for wage policy are referred, in particular productivity increase as the main principle of such policy.