Conflict inflation: estimating the contributions to wage inflation in Australia during the 1990s
基于1989-2000年澳大利亚伪面板数据，检验了工资收入者的三大目标（维持相对工资、公平利润份额、保护生活水平）对工资通胀的解释力，发现工资对这些目标敏感，但对职业失业率不敏感。
One of the major emerging macroeconomic problems during the past century has been the tendency for inflation to accelerate under prolonged periods of full employment. According to Isaac and Kaldor, this arises because the three major objectives of wage earners often conflict. The first objective is the desire to maintain relativities; the second is the desire to have a 'fair' share of companies' profits; and the third is a reluctance to allow any encroachment on achieved standards of living owing to unfavourable (exogenous) events. This paper tests how well these three objectives explain wage inflation in Australia using a pseudo-panel data based on the period 1989--2000. The authors find that wages are sensitive to the three major objectives, but not to occupational unemployment rates.