An Empirical Model of Wage Indexation Provisions in Union Contracts /
Card, David.
An Empirical Model of Wage Indexation Provisions in Union Contracts / David Card. - Cambridge, Mass. National Bureau of Economic Research 1984. - 1 online resource: illustrations (black and white); - NBER working paper series no. w1388 . - Working Paper Series (National Bureau of Economic Research) no. w1388. .
June 1984.
Cost of living escalators are an important feature of North American labor contracts. This paper presents a measure of the response of index-linked wage increases to concurrent price increases for a sample of Canadian contracts, and then analyses this response in terms of a simple model of indexation to the aggregate price level. The model highlights the importance of aggregate price movements in conveying information about industry-specific prices. The empirical analysis confirms that industry-specific correlations between input and output prices and the Consumer Price Index are important determinants of the response of wage to prices across index contracts.
System requirements: Adobe [Acrobat] Reader required for PDF files.
Mode of access: World Wide Web.
An Empirical Model of Wage Indexation Provisions in Union Contracts / David Card. - Cambridge, Mass. National Bureau of Economic Research 1984. - 1 online resource: illustrations (black and white); - NBER working paper series no. w1388 . - Working Paper Series (National Bureau of Economic Research) no. w1388. .
June 1984.
Cost of living escalators are an important feature of North American labor contracts. This paper presents a measure of the response of index-linked wage increases to concurrent price increases for a sample of Canadian contracts, and then analyses this response in terms of a simple model of indexation to the aggregate price level. The model highlights the importance of aggregate price movements in conveying information about industry-specific prices. The empirical analysis confirms that industry-specific correlations between input and output prices and the Consumer Price Index are important determinants of the response of wage to prices across index contracts.
System requirements: Adobe [Acrobat] Reader required for PDF files.
Mode of access: World Wide Web.