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In the late 1990s low unemployment rates, increases in the minimum wage, and improvements in labor productivity contributed to a boost in wages, which translated into 12.4 percent cumulative growth in real wages from the late '90s until 2002. Real wages then stagnated despite continued growth in...
Persistent link: https://www.econbiz.de/10010889962
In a recent policy note (A Decade of Flat Wages?) we examined wage trends since 1994, and found that while wages grew between 1994 and 2002, average real wages stagnated or declined after 2002-03. Our latest study provides a more detailed analysis of wage trends for wage-level, age, and...
Persistent link: https://www.econbiz.de/10011213782