Public Resistance to Indexation in Economic Contracts

Robert J. Shiller of Yale University authored this analysis of a persistent economic puzzle. The text argues for tying long-term payments to price or wage indexes instead of fixed currency, yet notes public resistance to this practice outside periods of extreme inflation. It references personal and questionnaire surveys conducted in Turkey to explore this behavioral phenomenon.

Use Cases

• Analyzing behavioral resistance to inflation-indexed contracts based on survey references.
• Studying the historical rationale for indexation in monetary economics.
• Investigating contract design preferences for long-term financial obligations.

Strengths

• Authored by a prominent economist (Robert J. Shiller) from a major institution (Yale University).
• Cross-platform presence on PapersWithCode suggests recognized academic relevance.

Limitations

• Dataset structure is unclear; columns, row count, and file format are unknown.
• The license is listed as 'closed', restricting access and reuse.
• Metadata such as last update date and precise data size are missing.

Provenance

Source

Robert J. Shiller, Yale University

Collection Method

References personal and questionnaire surveys conducted in Turkey.

Geography

Turkey (survey location referenced)