Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/277303 
Authors: 
Year of Publication: 
2014
Citation: 
[Journal:] European Journal of Economics and Economic Policies: Intervention (EJEEP) [ISSN:] 2052-7772 [Volume:] 11 [Issue:] 2 [Year:] 2014 [Pages:] 195-204
Publisher: 
Edward Elgar Publishing, Cheltenham
Abstract: 
Real wages in the United States have continued to stagnate in the years since the end of the Great Recession. This paper attributes this stagnation directly to the prolonged period of high unemployment. It notes research showing that the only period of sustained wage growth for most of the workforce in the last 3 decades was the period of unusually low unemployment in the late 1990s. Given current economic and political trends, it is unlikely that we will again see a level of unemployment low enough to support broad-based real wage growth in the near future.
Subjects: 
unemployment
wages
hysteresis
JEL: 
E66
E62
E31
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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