How do people view wage and price inflation?
利用加拿大消费者预期调查数据，研究家庭对工资增长的预期及其与通胀预期的关系，发现两者关联较弱但在高通胀时期更强。
Using household-level data from the Canadian Survey of Consumer Expectations over 2014Q4–2023Q2, we study wage growth expectations and their link with inflation expectations. We document novel facts about wage growth expectations and the uncertainty around them. Households associate higher wage growth with a stronger economy. The link between wage and inflation expectations is weak, but stronger during the high-inflation period, in tighter labour markets, among new hires, for workers with above-inflation wage gains or higher levels of education or income. Uncertainty about wage gains is strongly positively linked to uncertainty about expected inflation, particularly during the high-inflation period.