Results 1 to 10 of about 281 (238)
Ambiguity aversion and the absence of wage indexation [PDF]
Journal of Monetary Economics, 2004 This paper analyzes optimal wage contracting assuming agents are not subjective expectedutility maximizers but are, instead, ambiguity (or uncertainty) averse decision makers whomaximize Choquet expected utility. We show that such agents will choose not to include anyindexation coverage in their wage contracts even when inflation is uncertain, unless ...
Jean-Marc Tallon, Sujoy Mukerji
exaly +9 more sources
Inflation and wage indexation in Italy
PSL Quarterly Review, 2013 The present paper traces the development in inflation in Italy throughout the period following WWII, with particular emphasis on its relation to labour costs, productivity and import prices.
A. FAZIO
doaj +2 more sources
Indexation of pension payments: Finding a balance between inflation and wage changes in the economy
Финансы: теория и практика, 2022 The objective of the study is to analyze the effectiveness of the principles of regular indexation of insurance pensions practiced in the Russian pension system, as well as their compliance with the existing similar practice in other countries with ...
A. L. Safonov, K. V. Ugodnikov
doaj +1 more source
Socio-Economic Indicators of Mining Regions Development [PDF]
E3S Web of Conferences, 2021 The paper analyzes the dynamics of socio-economic indicators of the development of coal-mining regions of Russia. The aim of the study is to analyze the socio-economic situation of coal-mining regions and determine the factors that influenced the social ...
Kukushkin Sergey +2 more
doaj +1 more source
Wage indexation and the monetary policy regime [PDF]
Journal of Macroeconomics, 2014 Abstract We estimate a New Keynesian wage Phillips curve for a panel of 24 OECD countries and allow the degree of wage indexation to past inflation to vary according to structural characteristics. We find that the degree of wage indexation is significantly lower for countries with an inflation target. However, this effect vanishes when we control for
Selien De Schryder +2 more
openaire +4 more sources
The theory of employment: two approaches compared
PSL Quarterly Review, 2014 Introducing the publication of a long 1956 letter by Franco Modigliani (FM) to Paolo Sylos Labini (PSL) on the draft of PSL’s book, Oligopoly and Technical Progress, the paper critically reviews the theoretical background of FM’s comments, showing how ...
Alessandro Roncaglia
doaj +3 more sources
Downward Wage Rigidities in the Mexican Labor Market: 1996–2011
Economía, 2018 In this paper, we provide evidence of the existence and evolution of downward real and nominal wage rigidities in Mexico in the period 1996–2011, which was characterized by a reduction in the level and volatility of inflation.
Laura Juarez +1 more
doaj +1 more source
Moneta e Credito, 2013 In questo lavoro vengono esaminati gli effetti a lungo termine di piena indicizzazione dei salari ai prezzi in un sistema economico . In particolare , l'autore dimostra che la piena indicizzazione dei salari , mentre amplifica i fenomeni inflazionistici ,
A. NICCOLI
doaj +1 more source
Efficient Indexation of Social Insurance Pensions
Lithuanian Journal of Statistics, 2010 This paper tries to formulate conclusions about the indexation of old-age pensions. Pensions can be adjusted and indexed taking into consideration a wage increase.
Algirdas Bartkus
doaj +1 more source
A unique experiment in escalated wages
PSL Quarterly Review, 2014 Beginning in 1942, wages in Finland were indexed to a cost of living index and were allowed to be raised by two-thirds of the rise of the index. Full indexation was introduced after the War, but was then repealed in 1945.
B. SUVIRANTA
doaj +1 more source