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Wage Leaders and Laggards: Decomposing the Growth in Average Hourly Earnings

Author

Listed:
  • Willem Van Zandweghe

Abstract

Wage growth has accelerated gradually over the past two years, largely due to a pickup in wage growth in a few industries ? the wage leaders. {{p}} Another, larger group of industries ? the wage laggards ? has not contributed at all to the acceleration. But the wage laggards have seen relatively strong growth in hours worked over the past two years, indicating rising labor demand that could lead to a further acceleration in overall wage growth.

Suggested Citation

  • Willem Van Zandweghe, 2017. "Wage Leaders and Laggards: Decomposing the Growth in Average Hourly Earnings," Macro Bulletin, Federal Reserve Bank of Kansas City, pages 1-3, February.
    • Handle: RePEc:fip:fedkmb:00050
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    More about this item

    Keywords

    Wages; Average Hourly Earnings;

    JEL classification:

    • J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General

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