11. |
- Blomquist, Sören
(author)
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The Inheritance Function
- 1979
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In: Journal of Public Economics. ; 12, s. 41-60
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Journal article (peer-reviewed)
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12. |
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17. |
- Calmfors, Lars, et al.
(author)
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Wage Indexation, the Scandinavian Model and Macroeconomic Stability
- 1979
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Reports (other academic/artistic)abstract
- The article analyzes wage indexation in an open economy as a means of promoting macroeconomic stability in the case of domestic demand and foreign price shocks. Employment can be stabilized by linking wages to an index of both traded and non-traded goods. But this index is not likely to coincide with the producer or the consumer price index. A "Scandinavian" wage indexation-linking wages to the price of traded goods only as in the Scandinavian model of wage formation - minimizes the effects in the trade balance but does this at the cost of variations in total employment.
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