Economics, Econometrics and Finance
5 years ago

Real wage growth lags behind declining unemployment rates, sparking economic concerns.

Liberty Street Economics
Searching for Higher Wages
Luis Armona, Samuel Kapon, Laura Pilossoph, Ayşegül Şahin, Giorgio Topa

Paper Summary

The article "Searching for Higher Wages" discusses the relationship between unemployment rates and wage growth. After the recession, unemployment rates have dropped, but real wage growth has not increased as expected. This means that even though there are fewer people looking for jobs, wages have not gone up as much as predicted.

Related papers

Economics, Econometrics and Finance
3 years ago

Unemployment Below 4% Could Trigger Significant Wages Growth, Study Finds.

Labor Dynamics
Okun's Law
Macroeconomic Analysis
Economics, Econometrics and Finance
6 years ago

Wage growth remains slow despite full employment, puzzling economists.

Labor Dynamics
Macroeconomic Trends
Economics, Econometrics and Finance
8 years ago

Real wages and money supply impact high unemployment rates in Australia.

Macroeconomic Analysis
Infrastructure Impact