Wage Growth Rate Measure

A Wage Growth Rate Measure is a growth rate for a worker wage measure.

• AKA: Compensation Growth, Earnings Change Rate, Wage Inflation.
• Context:
  • It can be correlated to a Household Income Growth, such as Median Income Growth.
  • It can range from being a Negative Wage Growth to being a Stagnant Wage Growth to being a Positive Wage Growth.
  • …
• Example(s):
  • a USA Wage Growth Rate Measure.
  • ...
• Counter-Example(s):
  • a Productivity Growth Rate.
  • a Consumer Price Drop Rate.
  • a Housing Starts Growth Rate.
• See: Wage-Productivity Gap.

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References

2012

• (Mincer, 2012) ⇒ Jacob Mincer. (2012). “Wage Changes in Job Changes." Research in Labor Economics, 35. ISBN: 978-1-78190-218-9
  • QUOTE: ... In words, wage inflation depends positively on expected one period ahead wage inflation and negatively on the ... their desired level, workers that have a chance to reset their wage will tend to adjust it upward (downward), thus generating positive (negative) wage inflation. ...

2011

• (Gali, 2011) ⇒ Jordi Galí. (2011). “The Return of the Wage Phillips Curve.” In: Journal of the European Economic Association, 9(3).

1981

• (Bartell & Borjas, 1981) ⇒ Ann P. Bartel, and George J. Borjas. (1981). “Wage Growth and Job Turnover: An empirical analysis.” In: Studies in labor markets.

1974

• (Lazear, 1974) ⇒ Edward P. Lazear. (1974). “Age, Experience and Wage Growth."

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