Results 211 to 220 of about 281 (238)
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Wage Indexation and Time Consistency.
Journal of Money, Credit and Banking, 1994This note presents a simple model where the decision on the degree of wage indexation is taken by a 'large' agent, such as the government. The optimal degree of indexing is shown to depend on the variance of real shocks and on the 'inflations bias' of the government, due to the incentive to raise employment above the market-clearing level.
openaire
Wage indexation: Social benefits and private incentives
Journal of Labor Research, 1981Martin F J Prachowny
exaly
Wage Indexation, Employment and Inflation
Scandinavian Journal of Economics, 2000Raffaela Giordano
exaly
Karni on Optimal Wage Indexation: A Correction
Journal of Political Economy, 1985openaire +1 more source