Wage growth in Canada and the United States : factors behind recent weakness / by Dany Brouillette ... [et al.]. : FB3-7/2017-8E-PDF
"This note examines the relatively subdued pace of wage growth in Canada since the commodity price decline in 2014 and assesses whether the weakness is attributable to cyclical (e.g., labour market slack) or structural factors (e.g., resource reallocation and demographic change). Our analysis indicates that ongoing labour market slack and, to a lesser extent, weak labour productivity growth appear to be key factors weighing on wage growth since 2014 in Canada. The decline in commodity prices may also be a key factor that contributed to subdued Canadian wage growth. A comparative analysis of US wage growth is also conducted. In the United States, weak labour productivity growth is a key macro factor weighing on wage growth, but labour market slack is no longer a material drag."--Abstract, p. ii.
Lien permanent pour cette publication :
publications.gc.ca/pub?id=9.847827&sl=1
| Ministère/Organisme | Bank of Canada. |
|---|---|
| Titre | Wage growth in Canada and the United States : factors behind recent weakness / by Dany Brouillette ... [et al.]. |
| Titre de la série | Staff analytical note = Note analytique du personnel, 2369-9639 ; 2017-8 |
| Type de publication | Série - Voir l'enregistrement principal |
| Langue | [Anglais] |
| Format | Électronique |
| Document électronique | |
| Note(s) | Title from cover. Includes bibliographical references. Text in English, abstract in English and French. |
| Information sur la publication | Ottawa : Bank of Canada, c2017. |
| Auteur / Contributeur | Brouillette, Dany, 1978- |
| Description | ii, 16 p. : graphs |
| Numéro de catalogue |
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| Descripteurs | Economic indicators Salaries Labour market |
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