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Wage Growth, Inflation and the Labor Share

Author

Listed:
  • Lisa Barrow
  • R. Jason Faberman

Abstract

The recent pattern of nominal wage growth has been a puzzle to economists, researchers and policymakers because it lies well below the trend wage growth predicted by inflation and productivity growth. We show that the difference can be reconciled by accounting for the labor share of output, which has been on a declining trend for the past 15 years.

Suggested Citation

  • Lisa Barrow & R. Jason Faberman, 2015. "Wage Growth, Inflation and the Labor Share," Chicago Fed Letter, Federal Reserve Bank of Chicago.
    • Handle: RePEc:fip:fedhle:00037
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    Citations

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    Cited by:

    1. Jacques Fontanel, 2017. "La globalisation économique, un rapport de forces entre Etats et intérêts privés producteur d’inégalités, de conflits et de guerres économiques," Working Papers hal-02179483, HAL.
    2. Jacques Fontanel, 2016. "Inégalités et pauvreté dans les pays riches. L’exemple des Etats-Unis," Working Papers hal-02179300, HAL.
    3. Jacques Fontanel, 2019. "Globalisation économique, facteur d'inégalités," Working Papers hal-02142671, HAL.

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