Intro -- Preface -- Contents -- Acknowledgements -- Introduction -- Part I Major trends in wages -- 1 Growth of average … wages -- 1.1 Global estimates -- 1.2 Regional estimates -- 1.3 Average wages and productivity -- 2 The wage share -- 2 … trends: Increasing incidence of low pay -- 3.2 Characteristics of low-paid workers -- Part II Wages policies in times of …

the macroeconomic level, we draw special attention to the important distinction between product and consumption wages … changes in the distribution of hourly wages between 1990 and 1997 and analyze the economic factors determining these changes …