Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/76400
Authors: 
Christofides, Louis
Peng, Amy Chen
Year of Publication: 
2003
Series/Report no.: 
CESifo Working Paper 994
Abstract: 
A sample of 11885 wage agreements, reached in the Canadian unionized sector during 1976-2000, a period of high as well as exceptionally low inflation and substantial fluctuations in nominal and real uncertainty, is used to study the determinants of key provisions of contracts such as their duration and indexation clauses. Econometric techniques, which account for the interaction between duration and indexation, as well as the latent nature of the elasticity of indexation are used. Results obtained suggest that expected inflation, nominal and real uncertainty account for most of the secular and cyclical changes in contract provisions.
Subjects: 
contract duration
indexation
nominal
real uncertainty
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.