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 …

This paper examines the set of interdependences between the formation of wages, prices and the minimum wage (SMIC …. Two periods are distinguished: the period of inflation rise from 1970 to 1981, which coincides with an important squeeze … persistent in real terms and relatively to the other salaries and have always as little inflationary impact on wages as on prices. …

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 …