منابع مشابه
Inflation and Wage Indexation in the Postwar U.s
This paper examines the relationship between inflation and wage indexation in the postwar U.S. using data on the prevalence of cost-of-living adjustments in major collective bargaining agreements. I find that increases in inflation precede increases in wage indexation but reductions in inflation do not precede reductions in wage indexation. There is virtually no evidence that wage indexation af...
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Our analysis based on the National Longitudinal Survey of Youth for the 1978–1999 period concludes that men’s greater representation in cyclical occupational groups, such as craftsmen, operatives, and laborers, more than accounts for the gap between men and women in the cyclicality of real wages. D 2005 Elsevier B.V. All rights reserved.
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In this paper we derive a model for the joint endogeneity of centrally contracted wages and wage drift in which central union attempts to reduce wage dispersion plays a pivotal role. Empirical results demonstrate that union efforts to level wage differentials exerted large positive effects on both centrally negotiated wage changes and wage drift. We also show that wage drift was accurately pred...
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We consider a neoclassical interpretation of Germany and Japan’s rapid postwar growth that relies on a catch-up mechanism through capital accumulation where technology is embodied in new capital goods. Using a putty-clay model of production and investment, we are able to capture many of the key empirical properties of Germany and Japan’s postwar transitions, including persistently high but decl...
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ژورنال
عنوان ژورنال: Labor History
سال: 2017
ISSN: 0023-656X,1469-9702
DOI: 10.1080/0023656x.2017.1332652