Inflation and Wage Indexation in the Postwar United States
This paper examines the relationship between inflation and wage indexation in the postwar United States using data on the prevalence of cost-of-living adjustments in major collective bargaining agreements. The author finds 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. Copyright 1995 by MIT Press.
Volume (Year): 77 (1995)
Issue (Month): 1 (February)
|Contact details of provider:|| Web page: http://mitpress.mit.edu/journals/|
|Order Information:||Web: http://mitpress.mit.edu/journal-home.tcl?issn=00346535|
When requesting a correction, please mention this item's handle: RePEc:tpr:restat:v:77:y:1995:i:1:p:172-76. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Kristin Waites)
If references are entirely missing, you can add them using this form.