Drivers of weak wage growth in advanced economies / by Anne-Katherine Cormier, Michael Francis, Kristina Hess and Guillaume Poulin-Bellisle.: FB3-7/2019-3E-PDF
"Since the global financial crisis, advanced-economy wage growth has been generally low relative to past recoveries, especially after accounting for the evolution of labour market conditions over this period. This paper investigates a variety of potential explanations for this weakness, drawing on findings from the literature as well as analysis of recent labour market data in advanced economies. Overall, we find that much of the unexplained weakness is likely explained by alternative measures of labour market slack—particularly the rise of involuntary part-time work. In addition, changing inflation dynamics and a number of structural factors may also be contributing to the weakness"--Abstract, p. ii.
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| Department/Agency | Bank of Canada. |
|---|---|
| Title | Drivers of weak wage growth in advanced economies / by Anne-Katherine Cormier, Michael Francis, Kristina Hess and Guillaume Poulin-Bellisle. |
| Series title | Staff analytical note = Note analytique du personnel, 2369-9639 ; 2019-3 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Note(s) | Title from cover. Includes bibliographic references. Includes abstract in French. |
| Publishing information | [Ottawa, Ontario] : Bank of Canada, 2019. ©2019 |
| Author / Contributor | Cormier, Anne-Katherine, author. Francis, Michael, 1968- author. Hess, Kristina, author. Poulin-Bellisle, Guillaume, author. |
| Description | 1 online resource (iii, 18 pages) |
| Catalogue number |
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| Subject terms | Salaries Labour market Economic development |