Results 191 to 200 of about 281 (238)
Some of the next articles are maybe not open access.
Rural Hospital Wages and the Area Wage Index
Health care financing review, 2002We examined data on hospital hourly wages and the prospective payment system (PPS) wage index from 1990 to 1997, to determine if incremental changes to the index have improved its precision and equity as a regional cost adjuster. The differential between average rural and urban PPS hourly wages has declined by almost one-fourth over the 8-year study ...
Kathleen, Dalton +2 more
openaire +2 more sources
On the Absence of Positive Wage Indexation
Economica, 1996This paper rationalizes the absence of positive wage indexation in labour contracts-that is, of indexing provisions that link wage increases to inflation. We investigate the equilibrium of a policy game in a stochastic economy in which wage-setters and a policy-maker interact strategically in order to determine the preferred degree of wage indexation ...
Bar-Ilan, Avner, Zanello, Alessandro
openaire +1 more source
The Firm, Wage Indexation, and Nominal Wage Rigidity
SSRN Electronic Journal, 2016A new explanation for nominal wage rigidity is proposed when firms, as distinct from representative agents, can index wages. In general, the probability of contractionary monetary and real shocks, either alone or simultaneously, can make any degree of indexation optimal.
James M. Holmes +2 more
openaire +1 more source
Journal of Political Economy, 1983
The observed practice of contracting for labor services in advance introduces stickiness or friction into the economic system. In the presence of monetary and real stochastic disturbances the stability of the levels of employment and output hinges on the nature of the wage contracts.
openaire +1 more source
The observed practice of contracting for labor services in advance introduces stickiness or friction into the economic system. In the presence of monetary and real stochastic disturbances the stability of the levels of employment and output hinges on the nature of the wage contracts.
openaire +1 more source
Atlantic Economic Journal, 2002
Models of wage indexation uniformly have been based on the simplifying assumption that nominal wages adjust upward or downwrd symmetrically with unexpected price increases or decreases. Indexation typically is asymmetric in actual contracts, however. Wages are indexed to price increases but not to price reductions.
James P. Cover, David D. van Hoose
exaly +2 more sources
Models of wage indexation uniformly have been based on the simplifying assumption that nominal wages adjust upward or downwrd symmetrically with unexpected price increases or decreases. Indexation typically is asymmetric in actual contracts, however. Wages are indexed to price increases but not to price reductions.
James P. Cover, David D. van Hoose
exaly +2 more sources
INTEREST RATES AND WAGE INDEXATION
International Economic Journal, 1988This Paper shows that if wages are indexed to intrest rate and price level in a certain combination the effect of monetary disturbances can be removed. Further, it is shown that the indexation coefficients can be optimally chosen so that the effect of real distrubances on output is minimised.
openaire +1 more source
Optimal Wage Indexation in a Multisector Economy
International Economic Review, 1991Optimal wage indexation is analyzed in an economy subject to common and sector-specific supply shocks and aggregate demand shocks where one sector has wage contracts and the other has a Walrasian labor market. It is shown that it is optimal in this setting to index wages partially to unanticipated economywide inflation and to industry-specific profits.
Duca, John V, VanHoose, David D
openaire +1 more source
On the frequency of wage indexation
European Economic Review, 1983Abstract This paper analyzes the optimal frequency of wage indexation. It demonstrates that a change in the expected value of money does not affect the optimal frequency, but that an increase in the riskiness of the value of money leads to an increase in the optimal frequency. An increase in the worker's risk aversion also leads to an increase in the
openaire +1 more source
Wage Indexing Rules and the Behavior of the Economy
Journal of Political Economy, 1979Explaining economic fluctuations by the existence of imperfect wage rules begs the question of why such rules are chosen in labor contracts. The form of wage rules is not exogenous but determined by cost and efficiency considerations. Fully contingent rules preserve efficiency but are costly to write and enforce.
openaire +1 more source
Inflation, indexation, and wage dispersion
Economics Letters, 1987Abstract This study provides a theory of indexation to reconcile empirical findings that unanticipated inflation raises the dispersion of price changes among subaggregates while it lowers that of wage changes. Evidence on the relation between inflation and the dispersion of wage changes in Israel is presented to buttress the arguments.
Allan Drazen, Daniel S. Hamermesh
openaire +1 more source