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 … productivity growth, particularly in large relatively closed economies like the USA, will tend to raise middle class incomes. At … divergence: the degree to which the levels of productivity and pay have diverged. The second is delinkage: the degree to which …