Hong, Gee Hee; Koczan, Zsoka; Lian, Weicheng; Nabar, Malhar - 2018
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 … averages in the years leading up to the recession …