Inflation, Indexation and Real Wage of Non-unionised Workers

Mausumi Kar and Saibal Kar ()
Additional contact information
Mausumi Kar: Women’s Christian College

Chapter Chapter 21 in International Trade, Resource Mobility and Adjustments in a Changing World, 2024, pp 437-452 from Springer

Abstract: Abstract In the aftermath of COVID-19 and war on Ukraine, most countries around the world are suffering from high inflation and unemployment. The rise in the price of consumables affect all, but workers with market-determined wages suffer more than those who benefit from institutional wage bargaining. Workers outside union coverage expect fall in both nominal and real wages in the long run. However, inflation raises real wage of non-union workers if high rental return improves nominal wage due to substitution. Partial wage indexation by union workers hurts non-union real wage, but sector-specific capital raises it.

Keywords: Unions; Indexation; Real wage; Inflation; Capital; F44; J3; J51; D5 (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-981-97-5652-0_21

Ordering information: This item can be ordered from
http://www.springer.com/9789819756520

DOI: 10.1007/978-981-97-5652-0_21

Access Statistics for this chapter

More chapters in Contributions to Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().