A aritmética da escala móvel: uma análise do comportamento do salário real num regime de reajustes com periodicidade endógena

Abstract

This article tries let continue the papers written during the last Years about the real wage dynamic within an indexed economy where nominal wages a .re increased with fixed periods. The paper analyses the evolution of real wages in the context of the trigger point indexation system which started to function In the Brazilian economy when the Cruzado Plan uses adopted. Assuming the hypothesis of endogeneity of time period between wage readjustments, it is shown that real wage is in fact stick but can be reduced if inflation rates are very high. Based in it, potential risks in terms of inflation performance of the trigger point indexation mechanism (ire discussed.