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Robert F. Lanzillotti and Blaine Roberts, "An Assessment of the U.S. Experiment with an Incomes Policy," paper presented at the Tulane Conference on Incomes Policies April, 1973.

Robert F. Lanzillotti and Blaine Roberts, "The Legacy of Phase II: An Inside View of Controls," paper for the A.E.A. meeting, December, 1973.

D. Quinn Mills, "Explaining Average Earnings Increases in
Construction 1953-1972," mimeo, December 1973.

Daniel J. B. Mitchell and Arnold R. Weber, "Wages and the Pay Board", paper for A.E.A. meeting, December, 1973.

Arthur M Okun, "Upward Mobility in a High-pressure Economy,"

Brookings Papers on Economic Activity (1:1973), pp. 207-252. George L. Perry, "The Success of Anti-Inflation Policies in the United States," Journal of Money, Credit, and Banking, February 1973, pp. 567-93.

Joel Popkin, "Prices in 1972: An Analysis of Changes During
Phase II, Monthly Labor Review, February 1973, pp. 16-23.
Frank C. Ripley and Lydia Segal, " Price Determination in 395
Manufacturing Industries," Review of Economics and Statistics,
August 1973, pp. 263-271

Michael L. Wachter, "Cyclical Variation in the Interindustry Wage
Structure," American Economic Review, March 1970, pp. 75-84.
Michael L. Wachter, "Phase II, Cost-Push Inflation, and Relative
Wages," American Economic Review, June 1974, forthcoming.

APPENDIXO

THE COST OF CONTROLS TO GOVERNMENT

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ANNUALIZED COST

Exhibit 1 on the following page shows the annualized cost of Phases II, III, and IV of the Economic Stabilization Program. The costs have been calculated to show the comparative cost of each Phase as if it were in effect for a full year.

The government activities administering the program include:

O Cost of Living Council (CLC)

o Internal Revenue Service (IRS)

o Support agencies including the Department of Justice, the
Temporary Emergency Court of Appeals (TECA), and the
Treasury Department

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The actual costs of the Economic Stabilization Program to government are:

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*Includes "Freeze II" period June 13, 1973 thru August 13, 1973 (60 days)

Cost of Living Council
January, 1974

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ECONOMIC STABILIZATION ACTIVITIES

Comparative Annualized Costs of a Phase II, III and IV Program
(Based on Salary Rates as of January 1, 1974)

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APPENDIX P

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