Does wage inflation cause price inflation?
Abstract: Is there any evidence to support the assumption that increased wages cause inflation? This study updates and expands earlier research into this question and finds little support for the view that higher wages cause higher prices. On the contrary, more evidence is found for higher prices leading to wage growth.
File(s): File format is application/pdf http://www.clevelandfed.org/research/PolicyDis/pd1.PDF
Provider: Federal Reserve Bank of Cleveland
Part of Series: Policy Discussion Papers
Publication Date: 2000
Order Number: 1