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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
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Nominal Wage Flexibility, Wage Indexation and Monetary Union [PDF]
The Economic Journal, 2002 Membership in a monetary union implies stronger incentives for nominal wage flexibility in the form of wage indexation and shorter contract length than non-membership. This counteracts the stabilisation policy cost of giving up monetary independence. But more wage flexibility is only an imperfect substitute for an individual monetary policy.
Calmfors, Lars, Johansson, Åsa
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Endogenous wage indexation and aggregate shocks [PDF]
Journal of Macroeconomics, 2014 Empirical and institutional evidence finds considerable time variation in the degree of wage indexation to past inflation, a finding that is at odds with the assumption of constant indexation parameters in most New-Keynesian DSGE models. We build a DSGE model with endogenous wage indexation in which utility maximizing workers select a wage indexation ...
Julio A. Carrillo +2 more
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Downward Wage Rigidity and Automatic Wage Indexation: Evidence From Monthly Micro Wage Data [PDF]
SSRN Electronic Journal, 2010 This paper assesses the degree of downward wage rigidity in Luxembourg using an administrative monthly data set on individual wages covering the entire economy over the period from January 2001 to January 2007. After limiting for measurement error, which would otherwise bias downwards the estimates of wage rigidity, we conclude that nearly all workers ...
Patrick Lünnemann, Ladislav Wintr
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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
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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
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Federal government wage indexes
Monthly Labor Review, 2023 For nearly 50 years, the Employment Cost Index (ECI) has been providing the public with estimates of the change in employer labor costs. We explore the practicality of constructing federal wage indexes, in the spirit of the ECI, using Office of Personnel Management (OPM) salary data. To accomplish this task, we aggregate OPM records into occupation and
Travis A. Cyronek, Theodore To To
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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
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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
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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
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