Why Has Wage Growth Been Subdued in the Advanced Foreign Economies?
Posted: 7 May 2020
Date Written: January 8, 2020
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.
Suggested Citation: Suggested Citation
Lin, Stephen F. and Johnson, Kaede and Powell, Tyler, Why Has Wage Growth Been Subdued in the Advanced Foreign Economies? (January 8, 2020). FEDS Notes No. 2020-01-08-3 https://doi.org/10.17016/2380-7172.2410, Available at SSRN: https://ssrn.com/abstract=3595699
Stephen F. Lin (Contact Author)
Board of Governors of the Federal Reserve System ( email )
20th Street and Constitution Avenue NW
Washington, DC 20551
United States
Kaede Johnson
Board of Governors of the Federal Reserve System
20th Street and Constitution Avenue NW
Washington, DC 20551
United States
Tyler Powell
Board of Governors of the Federal Reserve System ( email )
20th Street and Constitution Avenue NW
Washington, DC 20551
United States
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