A-105 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 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 Michael L. Wachter, "Cyclical Variation in the Interindustry Wage THE COST OF CONTROLS TO GOVERNMENT A-106 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 The actual costs of the Economic Stabilization Program to government are: *Includes "Freeze II" period June 13, 1973 thru August 13, 1973 (60 days) Cost of Living Council |