Wage Policy in a High-Inflation Economy: The Israeli Experience

Yael Artstein and Zvi Sussman
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Yael Artstein: Bank of Israel
Zvi Sussman: Tel Aviv University

Chapter 9 in Incomes Policies, 1989, pp 150-170 from Palgrave Macmillan

Abstract: Abstract In this paper we analyse the evolution of wage policy in Israel during a period of high and accelerating inflation. Inflation in Israel increased from an annual rate of less than 10 per cent, during the 1960s, to a peak of over 400 per cent in 1984. We focus on the period 1979 to 1985, the period of three-digit inflation. A description of wage policy in earlier years will introduce the institutional set-up of wage determination.

Keywords: Real Wage; Wage Increase; Price Shock; Wage Determination; Wage Policy (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-20381-9_9

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DOI: 10.1007/978-1-349-20381-9_9

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