Results 181 to 190 of about 649 (224)

Inflation, indexation, and wage dispersion

Economics Letters, 1987
Abstract 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
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Wage Indexing Rules and the Behavior of the Economy

Journal of Political Economy, 1979
Explaining 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.
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Systematic Risk and the Theory of Wage Indexation

The Journal of Business, 1990
In this article, the author integrates the theory of optimal wage indexation with capital market theory. The optimal indexation factor in his model depends on workers' preferences, firm-specific variables, and economywide capital market variables. A major difference between the results of the model and those of the previous literature is that, in his ...
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A note on wage indexation in a model with staggered wage setting

Economics Letters, 1985
Abstract The purpose of this note is to show that, in the staggered wage setting a la Taylor, exogenous indexation of wages is destabilizing in terms of both prices and output. In a small open economy, the simultaneous application of an exchange rate policy aimed at maintaining purchasing power parity would help in eliminating output variability.
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Real Wages, The Wage Share and Cumulative Wage Indexation following a Currency Devaluation [PDF]

Economic Analysis and Policy (EAP), 1988
Real wage maintenance is shown to be incompatible with a currency devaluation in an N sector model in which production requires imported raw materials. Irrespective of the type of economy and the first round response of price setters the competitive advantage of the devaluation is dissipated, under constant markups, in the long run by the ensuing ...
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Does Employment Respond Differently to Minimum Wage Increases in the Presence of Inflation Indexing?

Journal of Human Resources, 2020
Peter Brummund, Michael R Strain
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Wage Indexes and Price Indexes

Journal of the American Statistical Association, 1924
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Wage Indexation in India

Social Scientist, 1987
Poonam Gupta, Sanjeev Gupta
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Partial Wage Indexation: An Empirical Test

International Economic Review, 1979
Razin, Assaf, Lusky, Judith
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Wage Indexation and Time Consistency.

Journal of Money, Credit and Banking, 1994
This 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.
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