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Inflation and Wage Indexation in the Postwar U.S

Author

Listed:
  • Steven Holland

    (University of Kentucky)

Abstract

This 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.

Suggested Citation

  • Steven Holland, 1994. "Inflation and Wage Indexation in the Postwar U.S," Macroeconomics 9402001, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpma:9402001
    Note: 17 pages including one table and one figure.
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    References listed on IDEAS

    as
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    6. Stanley Fischer & Lawrence H. Summers, 1989. "Should Nations Learn to Live With Inflation?," NBER Working Papers 2815, National Bureau of Economic Research, Inc.
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    Full references (including those not matched with items on IDEAS)

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