On Optimal Wage Indexation When Shocks are Real
Leif Danziger
No 275337, Foerder Institute for Economic Research Working Papers from Tel-Aviv University > Foerder Institute for Economic Research
Abstract:
This note studies the optimal degree of wage indexation in the presence of real shocks. Contrary to what is indicated in the literature, it is demonstrated that the optimal degree of indexation is not limited to (0;1) but may take any value in
Keywords: Financial Economics; Labor and Human Capital (search for similar items in EconPapers)
Pages: 6
Date: 1981-03
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Persistent link: https://EconPapers.repec.org/RePEc:ags:isfiwp:275337
DOI: 10.22004/ag.econ.275337
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