Working Paper
Why Has Wage Growth Been Subdued in the Advanced Foreign Economies?
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.
https://doi.org/10.17016/2380-7172.2410
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Bibliographic Information
Provider: Board of Governors of the Federal Reserve System (U.S.)
Part of Series: FEDS Notes
Publication Date: 2020-01-08
Number: 2020-01-08-3