For more than 80 years, many macroeconomic analyses have been premised on the assumption that workers nominal wage rates cannot be cut. Contrary evidence from household surveys reasonably has been dis
This dataset is the basis of the work titled “The short-run relationship between inequality and growth: evidence from OECD regions during the Great Recession”, published in...
According to several ONS measures, real wages have been falling since 2010. This article uses ONS data to examine four possible factors behind this; productivity, real wage wedges, hours worked,...
