IDEAS home Printed from https://ideas.repec.org/a/bla/ecorec/v54y1978i2p182-194.html

Wage Indexation: The Treatment of Public Sector Taxes and Goods

Author

Listed:
  • P. J. LLOYD

Abstract

This paper considers the problem of constructing an index, in the presence of a large public sector, which will tell us whether any adjustment to wages or other payments to households in one situation will leave the households better or worse off than in some previous situation with a different set of prices. This index is an extension of the true price index. The paper also proposes an index of the affordable wages with which the first index should be compared.

Suggested Citation

  • P. J. Lloyd, 1978. "Wage Indexation: The Treatment of Public Sector Taxes and Goods," The Economic Record, The Economic Society of Australia, vol. 54(2), pages 182-194, August.
    • Handle: RePEc:bla:ecorec:v:54:y:1978:i:2:p:182-194
    DOI: 10.1111/j.1475-4932.1978.tb00329.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1475-4932.1978.tb00329.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1475-4932.1978.tb00329.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Fisher, Franklin M. & Shell, Karl, 1972. "The Economic Theory of Price Indices," Elsevier Monographs, Elsevier, edition 1, number 9780122577505 edited by Shell, Karl.
    2. Martin David, 1975. "Measurement of the Cost of Living Including the Public Sector," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 4, number 1, pages 133-152, National Bureau of Economic Research, Inc.
    3. Samuelson, Paul A & Swamy, S, 1974. "Invariant Economic Index Numbers and Canonical Duality: Survey and Synthesis," American Economic Review, American Economic Association, vol. 64(4), pages 566-593, September.
    4. Lloyd, P J, 1975. "Substitution Effects and Biases in Nontrue Price Indices," American Economic Review, American Economic Association, vol. 65(3), pages 301-313, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. W. Max Corden & Sisira Jayasuriya, 2006. "Distinguished Fellow of the Economic Society of Australia, 2005: Peter Lloyd," The Economic Record, The Economic Society of Australia, vol. 82(256), pages 77-81, March.
    2. P. MORGAN & J. McDONALD & A. WOODFIELD, 1986. "Affordability and Some Welfare Aspects of Indexation," The Economic Record, The Economic Society of Australia, vol. 62(1), pages 37-48, March.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Vartia, Yrjö O., . "Relative Changes and Index Numbers," ETLA A, The Research Institute of the Finnish Economy, number 4, June.
    2. Marshall Reinsdorf & Jack E. Triplett, 2009. "A Review of Reviews: Ninety Years of Professional Thinking About the Consumer Price Index," NBER Chapters, in: Price Index Concepts and Measurement, pages 17-83, National Bureau of Economic Research, Inc.
    3. M. Ali Khan & Edward E. Schlee, 2016. "On Lionel McKenzie's 1957 intrusion into 20th‐century demand theory," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 49(2), pages 589-636, May.
    4. Reis, Ricardo, 2005. "A cost-of-living dynamic price index, with an application to indexing retirement accounts," CEPR Discussion Papers 5394, C.E.P.R. Discussion Papers.
    5. Ricardo Reis, 2005. "A Dynamic Measure of Inflation," NBER Working Papers 11746, National Bureau of Economic Research, Inc.
    6. Barbosa, Fernando de Holanda, 1979. "Índice de custo de vida: avaliação do método da Fundação Getulio Vargas e nova formulação," Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), vol. 33(4), October.
    7. Jack E. Triplett, 1983. "Introduction: An Essay on Labor Cost," NBER Chapters, in: The Measurement of Labor Cost, pages 1-60, National Bureau of Economic Research, Inc.
    8. Jack E. Triplett, 1982. "Concepts of Quality in Input and Output Price Measures: A Resolution of the User-Value Resource-Cost Debate," NBER Chapters, in: The U.S. National Income and Product Accounts: Selected Topics, pages 269-312, National Bureau of Economic Research, Inc.
    9. Claude Hillinger, 2002. "A General Theory of Price and Quantity Aggregation and Welfare Measurement," CESifo Working Paper Series 818, CESifo.
    10. Valentin Zelenyuk, 2023. "Productivity analysis: roots, foundations, trends and perspectives," Journal of Productivity Analysis, Springer, vol. 60(3), pages 229-247, December.
    11. Armstrong, Keir G., 2001. "Microeconomic Foundations for the Theory of International Comparisons," Journal of Economic Theory, Elsevier, vol. 101(2), pages 585-605, December.
    12. Redding, Stephen J. & Weinstein, David E., 2016. "A unified approach to estimating demand and welfare," LSE Research Online Documents on Economics 67681, London School of Economics and Political Science, LSE Library.
    13. Kerstens, Kristiaan & Van de Woestyne, Ignace, 2014. "Comparing Malmquist and Hicks–Moorsteen productivity indices: Exploring the impact of unbalanced vs. balanced panel data," European Journal of Operational Research, Elsevier, vol. 233(3), pages 749-758.
    14. Robert Gillingham & William S. Reece, 1979. "A New Approach to Quality of Life Measurement," Urban Studies, Urban Studies Journal Limited, vol. 16(3), pages 329-332, October.
    15. Fleurbaey, Marc & Maniquet, François, 2017. "Fairness and well-being measurement," Mathematical Social Sciences, Elsevier, vol. 90(C), pages 119-126.
    16. Griliches, Zvi & Cockburn, Iain, 1994. "Generics and New Goods in Pharmaceutical Price Indexes," American Economic Review, American Economic Association, vol. 84(5), pages 1213-1232, December.
    17. Trajtenberg, Manuel, 1989. "Product Innovations, Price Indices and the (Mis)Measurement of Economic Performance," Foerder Institute for Economic Research Working Papers 275471, Tel-Aviv University > Foerder Institute for Economic Research.
    18. Paul Shaffer, 2002. "Poverty Naturalized: Implications for Gender," Feminist Economics, Taylor & Francis Journals, vol. 8(3), pages 55-75.
    19. Feenstra, Robert C, 1995. "Exact Hedonic Price Indexes," The Review of Economics and Statistics, MIT Press, vol. 77(4), pages 634-653, November.
    20. Paolo Giovanni Piacquadio, 2017. "A Fairness Justification of Utilitarianism," Econometrica, Econometric Society, vol. 85, pages 1261-1276, July.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ecorec:v:54:y:1978:i:2:p:182-194. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/esausea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.