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.

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Renseignements sur la publication
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
  • FB3-7/2017-8E-PDF
Descripteurs Economic indicators
Salaries
Labour market
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