Inflation and Wage Indexation in the Postwar United States
利用战后美国主要集体谈判协议中生活成本调整的普遍性数据,考察通货膨胀与工资指数化的关系,发现通胀上升先于指数化增加,但通胀下降不先于指数化减少,且指数化对通胀几乎没有影响。
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.