Citation:
Cooper, Richard N. 1998. “American Wages Have Grown”. Copy at http://www.tinyurl.com/y6cbqy2f
Abstract:
Over this quarter century the American economy experienced higher rates of participation in the labour force, especially by women, and a decline in the share of children in the population; a relative growth of non–wage income, especially but not exclusively pension income; and lower savings rates. Allowing for these factors implies an increase in the average real wage rate of nine percent, still way above the official figure.