Understanding U S Wage Dynamics is popular PDF and ePub book, written by Mr.Yasser Abdih in 2018-06-15, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Understanding U S Wage Dynamics can be Read Online from any device for your convenience.
Understanding U S Wage Dynamics Book PDF Summary
In this paper, we undertake empirical analysis to understand U.S. wage behavior since the beginning of the new millennium. At the macroeconomic level, we find that a productivity-augmented Phillips curve model explains the data fairly well. The model reveals that the upward pressure on wage growth from recent tightening in the labor market has been dampened by a persistent decline in trend labor productivity growth and the share of income that accrues to labor. These themes are reinforced and complemented at the micro-economic level. Lower regional unemployment puts an upward pressure on wages of individuals, although this effect has become weaker since 2008. But there is downward pressure on wages for individuals with occupations that are exposed to automation and offshoring, and in industries with a higher concentration of large firms. All these factors appear to play a role illustrating why it is difficult to single out any one culprit for the observed wage growth moderation.
Detail Book of Understanding U S Wage Dynamics PDF
- Author : Mr.Yasser Abdih
- Release : 15 June 2018
- Publisher : International Monetary Fund
- ISBN : 9781484362082
- Genre : Business & Economics
- Total Page : 34 pages
- Language : English
- PDF File Size : 7,8 Mb
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