Social Sciences
8 years ago

Israeli wages skyrocket as inflation hits over 400% in 1984.

Palgrave Macmillan UK eBooks
Wage Policy in a High-Inflation Economy: The Israeli Experience
Yael Artstein, Zvi Sussman

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The article discusses how wage policy in Israel changed during a time of high inflation. Inflation in Israel went from less than 10% in the 1960s to over 400% in 1984. The focus is on the years 1979 to 1985, when inflation was in the hundreds. The researchers look at how wages were decided during this time.