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Do rising labor costs trigger higher inflation?

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  • David A. Brauer

Abstract

The evidence that developments in compensation growth lead overall CPI inflation has thus far been inconclusive. This study, however, sheds new light on the relationship between labor costs and price inflation. By breaking down compensation and prices into their various components, the author finds that compensation growth in the service-producing segment of the private sector can help predict prices for a specific group of services.

Suggested Citation

  • David A. Brauer, 1997. "Do rising labor costs trigger higher inflation?," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 3(Sep).
  • Handle: RePEc:fip:fednci:y:1997:i:sep:n:v.3no.11
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    File URL: https://www.newyorkfed.org/medialibrary/media/research/current_issues/ci3-11.html
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    References listed on IDEAS

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    1. Cara S. Lown & Robert W. Rich, 1997. "Is there an inflation puzzle?," Economic Policy Review, Federal Reserve Bank of New York, issue Dec, pages 51-77.
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    Cited by:

    1. Attilio Zanetti, 2007. "Do Wages Lead Inflation? Swiss Evidence," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 143(I), pages 67-92, March.
    2. Diego Moccero & Shingo Watanabe & Boris Cournède, 2011. "What Drives Inflation in the Major OECD Economies?," OECD Economics Department Working Papers 854, OECD Publishing.

    More about this item

    Keywords

    Inflation (Finance) ; Labor market ; Wages;

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