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Public Resistance to Indexation: A Puzzle

Resource Type
Dataset : survey data
  • Shiller, Robert J. (Yale University)
Other Title
  • Archival Version (Subtitle)
Publication Date
Funding Reference
  • National Science Foundation
  • Abstract

    This study addresses the question: Why isn't indexation practiced more widely around the world? Indexation is assured by institutions and contract provisions that protect people against the effects of unanticipated inflation, as measured by a consumer price index or similar index. Examples of institutions that promote indexation are cost of living allowances, escalator clauses, or inflation-protected bonds. Subjects were interviewed to understand their lack of interest in indexation. Questionnaire surveys were administered in the United States and in Turkey (where inflation rates are much higher and where there is still little indexation) in 1996. Many causes of this lack of interest in indexation are studied, prominent among them being lack of appreciation of inflation uncertainty, lack of trust in the government, and beliefs that high inflation, if it were to come, would coincide with times of economic and political instability.
  • Table of Contents


    • DS1: Dataset
Collection Mode
  • (1) The files are READ.ME, an ASCII file describing the other files, INDXPAP9.RJS, a WordPerfect 5.1 text version of the paper "Public Resistance to Indexation: A Puzzle," NEWINDXA.XLS, an Excel spreadsheet with Questionnaire A results for the United States, NEWINDXB.XLS, an Excel spreadsheet with Questionnaire B results for the United States, NEWTURK.XLS, Excel spreadsheet with Questionnaire A results for Turkey, USA_A.QES, a WordPerfect 5.1 file containing Questionnaire A, and USA_B.QES, a WordPerfect 5.1 file containing Questionnaire B. (2) These data are part of ICPSR's Publication-Related Archive and are distributed exactly as they arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.

This version of the study is no longer available on the web. If you need to acquire this version of the data, you have to contact ICPSR User Support (
Alternative Identifiers
  • 1137 (Type: ICPSR Study Number)
  • Is previous version of
    DOI: 10.3886/ICPSR01137.v1
  • Shiller, Robert. Why do people dislike inflation?. Reducing Inflation: Motivation and Strategy.Chicago: University of Chicago Press. 1997.
  • Shiller, Robert J.. Public resistance to indexation: A puzzle. Brookings Papers on Economic Activity.(1), 159-223.1997.
    • ID: (URL)

Update Metadata: 2015-08-05 | Issue Number: 6 | Registration Date: 2015-06-15

Shiller, Robert J. (1998): Public Resistance to Indexation: A Puzzle. Archival Version. Version: v0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset.