Drivers of weak wage growth in advanced economies / by Anne-Katherine Cormier, Michael Francis, Kristina Hess and Guillaume Poulin-Bellisle
- Cormier, Anne-Katherine
- Ottawa, Ontario, Canada : Bank of Canada = Banque du Canada, 
- Copyright Date:
- Physical Description:
- 1 online resource (iii, 18 pages).
- Additional Creators:
- Bank of Canada
- Staff analytical note = Note analytique du personnel, 2369-9639 ; 2019-3
- Language Note:
- Includes abstract in French.
- "Since the global financial crisis, advanced-economy wage growth has been generally low relative to past recoveries, especially after accounting for the evolution of labour market conditions over this period. This paper investigates a variety of potential explanations for this weakness, drawing on findings from the literature as well as analysis of recent labour market data in advanced economies. Overall, we find that much of the unexplained weakness is likely explained by alternative measures of labour market slack -- particularly the rise of involuntary part-time work. In addition, changing inflation dynamics and a number of structural factors may also be contributing to the weakness"--Abstract, p. ii.
- Report Numbers:
- Distributed by the Government of Canada Publishing and Depository Services Program (Weekly acquisitions list 2019-05).
- Bibliography Note:
- Includes bibliographical references.
- Type of File/Data:
- Electronic monograph in PDF format.
View MARC record | catkey: 29663789