Detail Optimal Wage Indexation in A Multisector Economy   Oleh:  VanHoose, David D. ; Duca, John V. Jenis: Article from Bulletin/Magazine Dalam koleksi: INTERNATIONAL ECONOMIC REVIEW vol. 32 no. 4 (1991), page 859-868. Topik: INDEXATION; optimal wage; indexation; multisector economy Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: II49.1 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel 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 economy - wide 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 behaviour. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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