Optimal Wage Indexation in a Multisector Economy
分析了一个多部门经济中，面对共同和部门特定供给冲击以及总需求冲击时，最优工资指数化应如何设定，发现部分指数化于未预期的总体通胀和行业利润是最优的，这为CPI指数化和利润分享合同提供了理论解释。
Optimal wage indexation is analyzed in an economy subject to common and sector-specific supply shocks and aggregate demand shocks where one sector has wage contracts and the other has a Walrasian labor market. It is shown that it is optimal in this setting to index wages partially to unanticipated economywide inflation and to industry-specific profits. Consequently, this study provides possible theoretical explanations for observation of both CPI indexation and profit-sharing contracts, and for the failure of purely aggregative indexation models to explain disaggregate-level behavior. Copyright 1991 by Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.