NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Uncertainty and Labor Contract Durations

Robert Rich, Joseph Tracy

NBER Working Paper No. 7731
Issued in June 2000
NBER Program(s):   LS

This paper provides an empirical investigation into the relationship between ex ante U.S. labor contract durations and uncertainty over the period 1970 to 1995. We construct measures of inflation uncertainty as well as aggregate nominal and real uncertainty. The results not only corroborate previous findings of an inverse relationship between contract duration and inflation uncertainty, but document that this relationship extends to both measures of aggregate uncertainty. We also explore the robustness of this relationship to the various measures of inflation uncertainty that have appeared in the literature.

download in pdf format
   (300 K)

email paper

This paper is available as PDF (300 K) or via email.

Machine-readable bibliographic record - MARC, RIS, BibTeX

Published: Robert Rich & Joseph Tracy, 2004. "Uncertainty and Labor Contract Durations," The Review of Economics and Statistics, MIT Press, vol. 86(1), pages 270-287, 01.

Users who downloaded this paper also downloaded these:
MacLeod w16048 Great Expectations: Law, Employment Contracts, and Labor Market Performance
 
Publications
Activities
Meetings
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us