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| Author: | Laséen, S. |
| Title: | How high is the private gain from wage indexation? |
| Journal: | Scandinavian Journal of Economics
2003 : VOL. 105:2, p. 247-254 |
| Index terms: | Indexation Job security Pay Uncertainty |
| Language: | eng |
| Abstract: | The authors examines the effects of firm-specific shocks on the gain from writing state-contingent wage contracts in an extension of the model in Gottfries (1992). The introduction of firm-specific uncertainty is shown to increase the gain from indexation to prices only moderately. |
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