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Title:An essay on real wage index numbers PDF Logo
Authors:Pencavel, John H.
Issue Date:2011
Series/Report no.:Discussion paper series // Forschungsinstitut zur Zukunft der Arbeit 5455
Abstract:Real wage index numbers have been used to measure movements in the standard of living of the typical worker. This paper describes some of these indicators for the United States and England. A new real wage index is proposed that resembles the sliding scale used to adjust wages in certain industries years ago. This new index is applied to U.S. manufacturing industry and it suggests a fall in real wages by about 40 percent since 1960. Workers' distributional position in U.S. manufacturing has deteriorated considerably.
Subjects:index numbers
real wages
sliding scale
JEL:J31
Persistent Identifier of the first edition:urn:nbn:de:101:1-201104113283
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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