Partial wage indexation with real shocks

Leif Danziger

doi:10.1016/0165-1765(82)90048-9

Partial wage indexation with real shocks

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Abstract

This note analyzes wage indexation from a macroeconomic viewpoint. Its purpose is to examine when wage indexation should be partial in the presence of real shocks, and it shows how the conditions for this to be the case depend on the aggregate production function, the income velocity of money, and the labor supply.

Original language	English
Pages (from-to)	383-388
Number of pages	6
Journal	Economics Letters
Volume	9
Issue number	4
DOIs	https://doi.org/10.1016/0165-1765(82)90048-9
State	Published - 1 Jan 1982
Externally published	Yes

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1016/0165-1765(82)90048-9

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Partial wage indexation with real shocks

Abstract

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