Has wage setting changed in Canada? Evidence from the pre-pandemic 2020 Wage-Setting Survey

David Amirault, Sarah Miller and Matthieu Verstraete

No 2022-10, Staff Analytical Notes from Bank of Canada

Abstract: Just before the pandemic began, the Bank of Canada conducted the 2020 Wage-Setting Survey. The goal was to explore the unusual trend of subdued wage growth in 2018 and 2019 despite a tightening in the labour market. Although this wage puzzle was beginning to resolve at the time of the survey, results highlight changes in several factors that may have important impacts on wage dynamics.

Keywords: Central bank research; Labour markets (search for similar items in EconPapers)
JEL-codes: J3 J31 J32 J33 J6 J63 (search for similar items in EconPapers)
Date: 2022-08
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