Why Has Wage Growth Been Subdued in the Advanced Foreign Economies?

Kaede Johnson, Stephen F. Lin and Tyler Powell ()
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Stephen F. Lin: https://www.federalreserve.gov/econres/stephen-f-lin.htm

No 2020-01-08-3, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: This note argues that certain factors, especially slower productivity growth and lower natural rates of unemployment, can explain much of the weakness of wage growth and the apparent breakdown of the simple wage Phillips curve.

Date: 2020-01-08
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2020-01-08-3

DOI: 10.17016/2380-7172.2410

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