More Slack than Meets the Eye? Recent Wage Dynamics in Advanced Economies

Released on by Mr.Gee Hee Hong
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  • More Slack than Meets the Eye? Recent Wage Dynamics in Advanced Economies Book Detail

  • Author : Mr.Gee Hee Hong
  • Release Date : 2018-03-09
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 44
  • ISBN 13 : 1484345355
  • File Size : 74,74 MB
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More Slack than Meets the Eye? Recent Wage Dynamics in Advanced Economies by Mr.Gee Hee Hong PDF Summary

Book Description: Nominal wage growth in most advanced economies remains markedly lower than it was before the Great Recession of 2008–09. This paper finds that the bulk of the wage slowdown is accounted for by labor market slack, inflation expectations, and trend productivity growth. In particular, there appears to be greater slack than meets the eye. Involuntary part-time employment appears to have weakened wage growth even in economies where headline unemployment rates are now at, or below, their averages in the years leading up to the recession.

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OECD Employment Outlook 2018

OECD Employment Outlook 2018

File Size : 43,43 MB
Total View : 7062 Views
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The 2018 edition of the OECD Employment Outlook reviews labour market trends and prospects in OECD countries.