between the growth rates of real median household income and of private sector productivity. This paper shows that a …

productivity and employment growth across groups of countries within Europe. Throughout the postwar era until 1995 labor … productivity grew faster in Europe than in the United States. In the decade after 1995, productivity growth in the EU-15 slowed … while that in the US accelerated. Europe’s productivity growth slowdown was largely offset by faster growth than the US in …