Pessoa, Joao Paulo; Reenen, John Van - Centre for Economic Performance, LSE - 2013
It is widely believed that in the US wage growth has fallen massively behind productivity growth. Recently, it has also … than median wages. We distinguish between "net decoupling" - the difference in growth of GDP per hour deflated by the GDP … hour deflated by the GDP deflator and median wages deflated by a measure of consumer price inflation. We would expect that …