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Decoupling of Wage Growth and Productivity Growth? Myth and Reality
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 been suggested that the UK is starting to follow the same path. Analysts point to the much faster growth of GDP per hour than median wages. We distinguish between "net...
Persistent link: https://www.econbiz.de/10010702081
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The Macroeconomic Role of Unemployment Compensation
Blumkin, Tomer; Hadar, Yossi; Yashiv, Eran - Centre for Economic Performance, LSE - 2009
The standard motivation for unemployment compensation is consumption smoothing and most papers in the literature have … distribution, showing how optimal unemployment compensation policy is affected by wages and affects them in turn. A key insight … for the design of the time path of unemployment compensation. …
Persistent link: https://www.econbiz.de/10005797298