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Inflation: The Labour Market

Author

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  • David Metcalf

    (London School of Economics and Princeton University)

Abstract

This essay examines four aspects of the labor market and inflation. First, the role of unions in the inflationary process is considered. Second, studies which analyze inflation by breaking the labor market down into its constituent parts, such as regional or local labor markets, are discussed. Third, the functioning of the labor market is examined to give some insight into how unemployment can be reduced for a given level of excess demand. Finally, pay policy and indexation are evaluated.

Suggested Citation

  • David Metcalf, 1975. "Inflation: The Labour Market," Working Papers 441, Princeton University, Department of Economics, Industrial Relations Section..
    • Handle: RePEc:pri:indrel:61
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    More about this item

    JEL classification:

    • J82 - Labor and Demographic Economics - - Labor Standards - - - Labor Force Composition
    • J83 - Labor and Demographic Economics - - Labor Standards - - - Workers' Rights

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