How High is the Private Gain from Wage Indexation?
扩展了Gottfries（1992）的模型，研究企业特定冲击对工资指数化收益的影响，发现企业特定不确定性仅适度增加指数化收益，且高失业救济或短失业期时名义工资合同更普遍。
Abstract The effects of firm‐specific shocks on the gain from writing state‐contingent wage contracts are examine in an extension of the model in Gottfries (1992) . It is shown that the introduction of firm‐specific uncertainty increases the gain from indexation to prices only moderately. Moreover, nominal wage contracts should be more prevalent when unemployment benefits are high or unemployment spells are short.