Why Has Wage Growth Been Subdued in the Advanced Foreign Economies?

Posted: 7 May 2020

See all articles by Stephen F. Lin

Stephen F. Lin

Board of Governors of the Federal Reserve System

Kaede Johnson

Board of Governors of the Federal Reserve System

Tyler Powell

Board of Governors of the Federal Reserve System

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

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

Here is the Coronavirus
related research on SSRN

Paper statistics

Abstract Views
59
PlumX Metrics