Wage Indexation: The Treatment of Public Sector Taxes and Goods * | Zendy

LLOYD P. J. | Zendy

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Wage Indexation: The Treatment of Public Sector Taxes and Goods *

Author(s) -

LLOYD P. J.

Publication year - 1978

Publication title -

economic record

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.365

H-Index - 42

eISSN - 1475-4932

pISSN - 0013-0249

DOI - 10.1111/j.1475-4932.1978.tb00329.x

Subject(s) - indexation , index (typography) , economics , wage , public sector , payment , labour economics , price index , public good , monetary economics , microeconomics , finance , economy , monetary policy , world wide web , computer science

This paper considers the problem of constructing an index, in the presence of a large public sector, which will tell us whether any adjustment to wages or other payments to households in one situation will leave the households better or worse off than in some previous situation with a different set of prices. This index is an extension of the true price index. The paper also proposes an index of the affordable wages with which the first index should be compared.

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