Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/305768 
Year of Publication: 
2024
Series/Report no.: 
IZA Discussion Papers No. 17326
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
Why have the real (consumption) wages of U.S. workers risen since the nineteenth century? Some economists answer that increases in real wages have followed increases in labor productivity over time. In this paper, this hypothesized association is confronted with annual observations of changes in the wages and changes in the labor productivity of U.S. manufacturing production workers from the end of the 19th century to the beginning of the 21st century. Correlates with changes in real wages in addition to productivity are considered including statutory legislation, trade unionism, and the state of the business cycle.
Subjects: 
real wages
labor productivity
trade unions
legislation
monopsony
JEL: 
J31
N31
N32
Document Type: 
Working Paper

Files in This Item:
File
Size
483.82 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.