A unique experiment in escalated wages

Authors

  • B. SUVIRANTA

DOI:

https://doi.org/10.13133/2037-3643/11933

Keywords:

Finland, wage indexation, inflation

Abstract

Beginning in 1942, wages in Finland were indexed to a cost of living index and were allowed to be raised by two-thirds of the rise of the index. Full indexation was introduced after the War, but was then repealed in 1945. In the years immediately following the War, a steep rise of unskilled worker’s wages was a consequence of both labour shortages and the growing political power of trade unions. Wage inflation was then dealt with through negotiations between the trade unions and the government. The article distinguishes three periods of wage inflation regimes and its inflationary effects.

 

JEL: E24, E31, J31

Downloads

How to Cite

SUVIRANTA, B. (2014). A unique experiment in escalated wages. PSL Quarterly Review, 13(54). https://doi.org/10.13133/2037-3643/11933

Issue

Vol. 13 No. 54 (1960)

Section

Editorial

License

 
 
Licenza Creative Commons
 
All material in this website and every article published by the Review are licensed under a Creative Commons Attribution - Non commercial - No derivates 4.0 International license.
The authors who publish on this journal maintain all rights on their works without any restrictions.