Greenspon, Jacob; Stansbury, Anna M.; Summers, Lawrence … - National Bureau of Economic Research - 2021
We study the productivity-pay relationship in the United States and Canada along two dimensions. The first is … positive increase in the rate of pay growth, holding all else equal. This linkage appears stronger in the US than in Canada … productivity growth, particularly in large relatively closed economies like the USA, will tend to raise middle class incomes. At …