The wage transition in developed countries and its implications for China

Belal Ehsan Baaquie, Bertrand M. Roehner and Qing-hai Wang

Physica A: Statistical Mechanics and its Applications, 2017, vol. 470, issue C, 197-216

Abstract: The expression “wage transition” refers to the fact that over the past three decades in almost all developed economies wage increases have leveled off. There has been a widening divergence and decoupling between wages on the one hand and GDP per capita on the other hand. Yet, in China wages and GDP per capita climbed in sync (at least up to now).

Keywords: Productivity; Demographic transition; Economic growth; Wage; Earnings; Agriculture; Industry; Primary sector; Secondary sector; Tertiary sector (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:470:y:2017:i:c:p:197-216

DOI: 10.1016/j.physa.2016.11.092

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