Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/46100 
Year of Publication: 
2011
Series/Report no.: 
IZA Discussion Papers No. 5455
Publisher: 
Institute for the Study of Labor (IZA), Bonn
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: 
Document Type: 
Working Paper

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