This paper studies the dynamic behavior of changes in productivity, wages, and prices. Results are based on a new data … gap indexes to be attributed to a failure of real wages to respond to the post-1972 productivity growth slowdown is …. Europe has neither greater nominal wage flexibility nor more rigid real wages than the U. S. Evidence that the U. S. exhibits …

This paper studies the dynamic behavior of changes in productivity, wages, and prices. Results are based on a new data … gap indexes to be attributed to a failure of real wages to respond to the post-1972 productivity growth slowdown is …. Europe has neither greater nominal wage flexibility nor more rigid real wages than the U. S. Evidence that the U. S. exhibits …

During the four years 1995-99 U. S. productivity growth experienced a strong revival and achieved growth rates … transport, motion pictures, radio, indoor plumbing, and made the golden age of productivity growth possible. This paper raises … doubts about the validity of this comparison with the Great Inventions of the past. It dissects the recent productivity …

During the four years 1995-99 U. S. productivity growth experienced a strong revival and achieved growth rates … transport, motion pictures, radio, indoor plumbing, and made the golden age of productivity growth possible. This paper raises … doubts about the validity of this comparison with the Great Inventions of the past. It dissects the recent productivity …