Lemos, Sara - In: Aspects of worker well-being, (pp. 397-413). 2007
data between 1982 and 2000. By examining the effects on wages, employment and prices together we are able to provide an … wage raises wages and prices with small adverse employment effects. This suggests a general wage-price inflationary spiral …, where persistent inflation offsets some of the wage gains. The main policy implication deriving from these results is that …
