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An Essay on Real Wage Index Numbers

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Author Info

  • John Pencavel

    ()
    (Stanford University)

Abstract

Real wage index numbers have been used to measure movements in the standard of living of the typical worker. This paper describes some of these indicators for the United States and England. A new real wage index is proposed that resembles the sliding scale used to adjust wages in certain industries years ago. This new index is applied to U.S. manufacturing industry and it suggests a fall in real wages by about 40 percent since 1960. Workers’ distributional position in U.S. manufacturing has deteriorated considerably.

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File URL: http://www-siepr.stanford.edu/repec/sip/10-008.pdf
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Bibliographic Info

Paper provided by Stanford Institute for Economic Policy Research in its series Discussion Papers with number 10-008.

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Date of creation: Oct 2010
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Handle: RePEc:sip:dpaper:10-008

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Related research

Keywords: Real wage; standard of living; manufacturing industry;

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  1. On the decline of the US manufacturing wage
    by Economic Logician in Economic Logic on 2011-03-11 16:57:00

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