*SMLR-Net, the source of selected news on labor and employment relations and human resource management ***
Title:* ** *If Prices Go Up, Incomes May Lag
* * Author: Binyamin Appelbaum Source: NY Times
*Date: * Oct 29, 2013
*Abstract:* My Sunday article about the benefits of moderate inflationhttp://www.nytimes.com/2013/10/27/business/economy/in-fed-and-out-many-now-think-inflation-helps.htmldrew a lot of skeptical responses, many about the premise that rising prices would lead to rising wages. This is an old and well-established concern. “People dislike inflation because they assume that wages will not keep pace,” Robert Shiller wrote in a 1996 paperhttp://cowles.econ.yale.edu/P/cd/d11a/d1115.pdfdescribing the results of a multinational survey.
* *
*Link:* http://nyti.ms/1dlW0ji
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