Reddy, Sanjay G.; Minoiu, Camelia - EconWPA - 2005
This paper examines the phenomenon of real-income stagnation (in which real-income growth is negligible or negative for …. Real income stagnation is a conceptually distinct phenomenon from low average growth and other features of the growth … sequence that have been held to be of interest in the literature. We find that real income stagnation has affected a …