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Nominal Wage Contracts, Aggregate and Firm-Specific Uncertainty - How High is the Private Gain from Indexation?
Uppsala University, Humanistisk-samhällsvetenskapliga vetenskapsområdet, Faculty of Social Sciences, Department of Economics.
2000 (English)Report (Other scientific)
Abstract [en]

In this paper I investigate to what extent firm-specific uncertainty affects the gain from indexation. Earlier studies have tried to explain wage rigidity by arguing that insiders face little layoff risk due to employment fluctuations caused by aggregate

Place, publisher, year, edition, pages
Uppsala: Department of Economics, Uppsala University , 2000.
, Working Paper Series
Keyword [en]
Indexation; Wage contracts; Insider-outsider models; Idiosyncratic shocks; Job security
National Category
URN: urn:nbn:se:uu:diva-35816OAI: oai:DiVA.org:uu-35816DiVA: diva2:63716
Available from: 2008-10-17 Created: 2008-10-17

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