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Revisiting Wage Growth after the Recession

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  • Roberto Pinheiro
  • Meifeng Yang

Abstract

In this Commentary, we show that realized wage growth since 2015 has mostly been at a rate that would be expected given observed rates of inflation and labor productivity growth. Moreover, labor productivity growth has been in line with its potential over the same period. This picture of the post-recession recovery of wages is very different from the one we observed in an earlier analysis, when all we had were data up through the end of 2015. The reasons underlying the difference are large revisions in labor productivity data and upticks in the inflation rate and labor productivity growth since our last report.

Suggested Citation

  • Roberto Pinheiro & Meifeng Yang, 2020. "Revisiting Wage Growth after the Recession," Economic Commentary, Federal Reserve Bank of Cleveland, vol. 2020(02), pages 1-5, January.
    • Handle: RePEc:fip:fedcec:87413
    DOI: 10.26509/frbc-ec-202002
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    References listed on IDEAS

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    1. Mark Bognanni & John Zito, 2016. "New Normal or Real-Time Noise? Revisiting the Recent Data on Labor Productivity," Economic Commentary, Federal Reserve Bank of Cleveland, issue December.
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      Keywords

      productivity;

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