Levy, Frank; Kochan, Thomas - In: Comparative Economic Studies 54 (2012) 4, pp. 739-764
From the mid-1940s through the 1970s, median wages and productivity growth rose in tandem. Since the 1980s productivity continued to grow steadily while wages stagnated. In this paper we document these trends, explore the reasons for these divergent trends, and outline a mix of policy,...