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Has wage setting changed in Canada? Evidence from the pre-pandemic 2020 Wage-Setting Survey

Author

Listed:
  • David Amirault
  • Sarah Miller
  • Matthieu Verstraete

Abstract

Just before the pandemic began, the Bank of Canada conducted the 2020 Wage-Setting Survey. The goal was to explore the unusual trend of subdued wage growth in 2018 and 2019 despite a tightening in the labour market. Although this wage puzzle was beginning to resolve at the time of the survey, results highlight changes in several factors that may have important impacts on wage dynamics.

Suggested Citation

  • David Amirault & Sarah Miller & Matthieu Verstraete, 2022. "Has wage setting changed in Canada? Evidence from the pre-pandemic 2020 Wage-Setting Survey," Staff Analytical Notes 2022-10, Bank of Canada.
    • Handle: RePEc:bca:bocsan:22-10
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    File URL: https://www.bankofcanada.ca/2022/08/staff-analytical-note-2022-10/
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    More about this item

    Keywords

    Central bank research; Labour markets;

    JEL classification:

    • J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions
    • J33 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Compensation Packages; Payment Methods
    • J6 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers
    • J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs

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