Decomposing the Productivity-Wage Nexus in Selected OECD Countries, 1986-2013
Standard economic theory predicts that in the long run, productivity growth ought to drive aggregate real wage growth. We consider this prediction in the case of 11 OECD countries, and find that eight of the 11 experienced slower median real wage growth than labour productivity growth over the 1986-...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Centre for the Study of Living Standards
2017-04-01
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| Series: | International Productivity Monitor |
| Subjects: | |
| Online Access: | http://www.csls.ca/ipm/32/Uguccioni_Sharpe.pdf |