Full Citation

Title: Productivity and Wages: Common Factors and Idiosyncrasies Across Countries and Industries

Citation Type: Working Paper

Publication Year: 2019

ISBN:

ISSN:

DOI: 10.3386/w26428

NSFID:

PMCID:

PMID:

Abstract: Average wage growth is closely related to aggregate productivity growth across countries and within countries over time. The commonality of patterns across OECD countries suggests that common factors are at work. Are productivity-based explanations of wage changes consistent with increasing variance in wages as well as increases in mean wages as suggested by skill-biased technological change or other factors? To answer this, it is necessary to observe education-specific productivity growth. Cross-industry comparisons reveal that industries dominated by highly educated workers experienced higher-than-average productivity growth that is more than sufficient to account for increasing skill differentials.

Url: https://econpapers.repec.org/paper/nbrnberwo/26428.htm

Url: http://www.nber.org/papers/w26428.pdf

User Submitted?: No

Authors: Lazear, Edward

Series Title: NBER Working Papers

Publication Number: NBER

Institution: National Bureau of Economic Research

Pages: 74

Publisher Location: Cambridge, MA

Data Collections: IPUMS CPS

Topics: Labor Force and Occupational Structure, Other

Countries: