The "Puzzle" of Wage Moderation in the 1980s
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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In the 1980s, real consumption wages fell relative to labour efficiency in OECD countries, although there has been some pressure on wages recently. The persistent moderation of wages was due to labour-market slack, as well as rising non-wage labour costs and slower increases in output prices relative to consumer prices in some countries. It does...
