Real Wages, Productivity and the Labour Share
This lesson is part of the course
In this lesson
You deflate eleven years of fictional nominal wages into real wages, index them against labour productivity, measure the wage–productivity gap and the change in the labour share in percentage points, and chart the two indices.
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Lessons in this course
- Labour-Force Statistics: Participation, Unemployment and Employment Rates Locked
- Labour-Market Flows: Job Finding, Separations and Steady-State Unemployment Locked
- A Wage Floor in a Linear Labour Market: Employment, Unemployment and Surplus Locked
- Real Wages, Productivity and the Labour Share Locked
- Income Quintiles from Household Microdata: Cut-offs, Groups and Shares Locked
- The Lorenz Curve: Cumulative Shares, the Line of Equality and the Chart Locked
- The Gini Coefficient by Trapezoids, the Top-10 % Share and the Decile Ratio Locked
- Redistribution Scenario: Flat Tax, Equal Transfer and the Gini Before vs After Locked