Wage indexation has been an important policy instrument in several developing countries. The alliance of endemic internal imbalances and long-lived labor market institutions has made indexation a normal practice, as much as a crucial barrier to attain competitive labor markets. This paper reviews the literature in light of three questions: whether wage indexation is a significant obstacle to macroeconomic adjustment; whether indexation perpetuates...
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详细
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1993/07/01
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工作文件（编号系列）
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31100
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1
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1
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2005/08/02
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Disclosed
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The effects of wage indexation on adjustment, inflation, and equity
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inflation