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Addressing the Problem of Stagnant Wages

Author

Listed:
  • Frank Levy

    (Sloan School, Massachusetts Institute of Technology, 100 Main St., Cambridge, MA 02139, USA.)

  • Thomas Kochan

    (Sloan School, Massachusetts Institute of Technology, 100 Main St., Cambridge, MA 02139, USA.)

Abstract

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, institutional, and organizational changes needed to restore wage growth and improved living standards for the American workforce.

Suggested Citation

  • Frank Levy & Thomas Kochan, 2012. "Addressing the Problem of Stagnant Wages," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 54(4), pages 739-764, December.
    • Handle: RePEc:pal:compes:v:54:y:2012:i:4:p:739-764
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    Cited by:

    1. Stefano Visintin & Alessandro Gentile, 2013. "Il mercato del lavoro in spagna: criticit? e riforme strutturali in un contesto di crisi economica," ECONOMIA E SOCIET? REGIONALE, FrancoAngeli Editore, vol. 0(2), pages 65-85.
    2. Marc Demange & Virginie Gabrel & Marcel A. Haddad & Cécile Murat, 2020. "A robust p-Center problem under pressure to locate shelters in wildfire context," EURO Journal on Computational Optimization, Springer;EURO - The Association of European Operational Research Societies, vol. 8(2), pages 103-139, June.
    3. Thomas A. Kochan, 2013. "The American Jobs Crisis and its Implication for the Future of Employment Policy: A Call for a New Jobs Compact," ILR Review, Cornell University, ILR School, vol. 66(2), pages 291-314, April.
    4. Pedro Spindler-Ruiz, 2021. "Mexican Niches in the US Construction Industry: 2009–2015," Journal of International Migration and Integration, Springer, vol. 22(2), pages 405-427, June.

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