Since the prolonged recession in 1980–1982 which laid the basis for the emergence of finance-led capitalism in the US … profitability and investment, which usually serve as leading indicators of the business cycle, have begun to decline and this …

The US economic expansion which began in 2009 was unusually prolonged but relatively weak. Profitability and investment … investment but the proceeds of major tax cuts were overwhelmingly used to finance pay outs to share owners. Unemployment fell … steadily from 2010 but with a shift towards lower paid jobs. Median wages increased from around 2014, but while those for women …

, we find that household characteristics explain about 25% of the dispersion in wages within an age group in all three … countries. Second, the cross-sectional variance of wages is almost linearly increasing in household age in all three countries … ; heterogeneity ; wages …

We show that U.S. manufacturing wages during the Great Depression were importantly determined by forces on firms …' intensive margins. Short-run changes in work intensity and the longer-term goal of restoring full potential productivity …

This paper uses individual data on employment and wages to shed light on the UK's productivity puzzle. It finds that … workforce composition cannot explain the reduction in wages and hence productivity that we observe; instead, real wages have … lower capital-labour ratio. We cannot tell whether productivity is driving wages or vice versa, but understanding why wages …