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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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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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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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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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Wage indexing and inflation in Italy
PSL Quarterly Review, 2014 The automatic adjustment of earnings to the cost of living usually had two objectives, to protect wages in whole or in part from the effects of inflation and to avoid a spate of destabilising wage claims.
G. FAUSTINI
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Indicizzazione dei salari e inflazione in Italia.
Moneta e Credito, 2014 The automatic adjustment of earnings to the cost of living usually had two objectives, to protect wages in whole or in part from the effects of inflation and to avoid a spate of destabilising wage claims.
G. FAUSTINI
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Salario protetto dal meccanismo di scala mobile a "punto pieno". Una postilla.
Moneta e Credito, 2014 The automatic adjustment of earnings to the cost of living usually had two objectives, to protect wages in whole or in part from the effects of inflation and to avoid a spate of destabilising wage claims.
G. FAUSTINI
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Moneta e Credito, 2014 In a recent article, F. Modigliani and T. Padoa-Schioppa argued that indexing at 100% with frequent wage adjustments rises the general rate of inflation associated with a given gap between the price level desired by businesses and that compatible with ...
G. VITALETTI
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Moneta e Credito, 2014 In his latest work on indexing of wages L. Spaventa critically reviewed various contributions with the aim of both reiterating some of his previous conclusions and extending the analysis.
R. FILOSA, I. VISCO
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