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Public Wage and Pension Indexation in the Euro Area

其他書名	An Overview
出版	SSRN, 2022
URL	http://books.google.com.hk/books?id=8DHhzwEACAAJ&hl=&source=gbs_api

註釋If the responses of wages - both private and public - and of pensions to an increase in inflation lead to second-round effects, this can make an inflationary shock more persistent, especially in the presence of automatic wage and pension indexation. This occasional paper presents an overview of the indexation schemes and other mechanisms for setting public wages and pensions across the euro area countries. It concludes that price indexation of public wages is relatively limited in the euro area, while public pensions are overwhelmingly automatically indexed, either fully or partially, to prices and wages.