Inflation and Wage Indexation in the Postwar U.S
AbstractThis paper examines the relationship between inflation and wage indexation in the postwar U.S. using data on the prevalence of cost-of- living adjustments in major collective bargaining agreements. I find that increases in inflation precede increases in wage indexation but reductions in inflation do not precede reductions in wage indexation. There is virtually no evidence that wage indexation affects inflation.
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Bibliographic InfoPaper provided by EconWPA in its series Macroeconomics with number 9402001.
Length: 17 pages
Date of creation: 07 Feb 1994
Date of revision:
Note: 17 pages including one table and one figure.
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Find related papers by JEL classification:
- E - Macroeconomics and Monetary Economics
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