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Productivity and Real Wages: Is There a Puzzle?

Author

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  • Barry Bosworth

    (Brookings Institution)

  • George L. Perry

    (Brookings Institution)

Abstract

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Suggested Citation

  • Barry Bosworth & George L. Perry, 1994. "Productivity and Real Wages: Is There a Puzzle?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 25(1), pages 317-343.
  • Handle: RePEc:bin:bpeajo:v:25:y:1994:i:1994-1:p:317-343
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    References listed on IDEAS

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    1. Hulten, Charles R, 1992. " Accounting for the Wealth of Nations: The Net versus Gross Output Controversy and Its Ramifications," Scandinavian Journal of Economics, Wiley Blackwell, vol. 94(0), pages 9-24, Supplemen.
    2. Charles Carter, 1981. "Industrial Policy and Innovation," National Institute Economic Review, National Institute of Economic and Social Research, vol. 97(1), pages 83-83, August.
    3. Lichtenberg, Frank R & Griliches, Zvi, 1989. "Errors of Measurement in Output Deflators," Journal of Business & Economic Statistics, American Statistical Association, vol. 7(1), pages 1-9, January.
    4. Dollar, David & Wolff, Edward N., 1988. "Convergence Of Industry Labor Productivity Among Advanced Economies: 1963-1982," Working Papers 88-19, C.V. Starr Center for Applied Economics, New York University.
    5. Anonymous, 1987. "UFW Contract: Abatti Produce Inc," United Farm Workers (UFW) Contracts 236380, University of California, Davis, Changing Face.
    6. Baumol, William J., 1985. "Productivity Growth, Convergence and Welfare: What the Long Run Data Show," Working Papers 85-27, C.V. Starr Center for Applied Economics, New York University.
    7. Abramovitz, Moses, 1986. "Catching Up, Forging Ahead, and Falling Behind," The Journal of Economic History, Cambridge University Press, vol. 46(02), pages 385-406, June.
    8. Marston, Richard C., 1990. "Pricing to market in Japanese manufacturing," Journal of International Economics, Elsevier, pages 217-236.
    9. Hooper, Peter & Larin, Kathryn A, 1989. "International Comparisons of Labor Costs in Manufacturing," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 35(4), pages 335-355, December.
    10. Dollar, David & Wolff, Edward N, 1988. "Convergence of Industry Labor Productivity among Advanced Economies, 1963-1982," The Review of Economics and Statistics, MIT Press, vol. 70(4), pages 549-558, November.
    11. Baumol, William J, 1986. "Productivity Growth, Convergence, and Welfare: What the Long-run Data Show," American Economic Review, American Economic Association, pages 1072-1085.
    12. J. Bradford DeLong & Lawrence H. Summers, 1992. "Equipment Investment and Economic Growth: How Strong Is the Nexus?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 23(2), pages 157-212.
    13. Summers, Robert & Heston, Alan, 1988. "A New Set of International Comparisons of Real Product and Price Levels Estimates for 130 Countries, 1950-1985," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 34(1), pages 1-25, March.
    14. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
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    Citations

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    Cited by:

    1. Peter Gottschalk, 1997. "Inequality, Income Growth, and Mobility: The Basic Facts," Journal of Economic Perspectives, American Economic Association, vol. 11(2), pages 21-40, Spring.
    2. Alejandro Justiniano & Giorgio E. Primiceri & Andrea Tambalotti, 2013. "Is There a Trade-Off between Inflation and Output Stabilization?," American Economic Journal: Macroeconomics, American Economic Association, pages 1-31.
    3. Matthew J. Slaughter, 1997. "International Trade and Labor-Demand Elasticities," NBER Working Papers 6262, National Bureau of Economic Research, Inc.
    4. Laurian LUNGU, 2011. "The Romanian economy - four years after the EU accession," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, pages 31-48.
    5. Mathieu Dufour & Ellen Russell, 2015. "Why Isn't Productivity More Popular? A Bargaining Power Approach to the Pay/Productivity Linkage in Canada," International Productivity Monitor, Centre for the Study of Living Standards, vol. 28, pages 47-62, Spring.
    6. Martin N. Baily, 2001. "Macroeconomic implications of the new economy," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 201-268.
    7. Martin Neil Baily, 2001. "Macroeconomic Implications of the New Economy," Working Paper Series WP01-9, Peterson Institute for International Economics.
    8. Barry T. Hirsch & Edward J. Schumacher, 2000. "Private Sector Union Density and the Wage Premium: Past, Present, and Future," Working Papers 0015, East Carolina University, Department of Economics.
    9. Alan B. Krueger, 1999. "Measuring Labor's Share," American Economic Review, American Economic Association, pages 45-51.
    10. Slaughter, Matthew J., 2001. "International trade and labor-demand elasticities," Journal of International Economics, Elsevier, pages 27-56.
    11. Sebastián Claro, 2003. "Wages and Unemployment in the United States: Reviving a Wage Gap Explanation," Documentos de Trabajo 235, Instituto de Economia. Pontificia Universidad Católica de Chile..
    12. Ghebremichael, Asghedom & Potter-Witter, Karen, 2009. "Effects of tax incentives on long-run capital formation and total factor productivity growth in the Canadian sawmilling industry," Forest Policy and Economics, Elsevier, vol. 11(2), pages 85-94, March.
    13. Manuela Goretti, 2008. "Wage-Price Setting in New EU Member States," IMF Working Papers 08/243, International Monetary Fund.
    14. Barry T. Hirsch & Edward J. Schumacher, 2001. "Private Sector Union Density and the Wage Premium: Past, Present, and Future ," Journal of Labor Research, Transaction Publishers, vol. 22(3), pages 487-518, July.
    15. Paul T. Decker & Jennifer King Rice & Mary T. Moore, 1997. "Education and the Economy: An Indicators Report," Mathematica Policy Research Reports 82b0174c4b194dabb3401d7b6, Mathematica Policy Research.
    16. Kurose, Kazuhiro, 2013. "The dynamics of the labour market and income distribution in relation to the speed of demand saturation," Structural Change and Economic Dynamics, Elsevier, vol. 24(C), pages 101-111.
    17. James R. Spletzer & Katharine G. Abraham & Jay C. Stewart, 1999. "Why Do Different Wage Series Tell Different Stories?," American Economic Review, American Economic Association, pages 34-39.

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    Keywords

    macroeconomics; wages; productivity; BLS; growth; labor income;

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