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Rising Wage Inequality, Real Wage Stagnation and Unions

Inequality: Causes and Consequences

ISBN: 978-1-78560-811-7, eISBN: 978-1-78560-810-0

ISSN: 0147-9121

Publication date: 25 February 2016

Abstract

Labour markets across the globe have recently been characterized by rising wage inequality, real wage stagnation or both. Most academic work to date considers each in isolation, but the research in this paper attempts to pull them together, arguing that higher wage inequality takes on an added significance if real wages of the typical worker are not growing, and showing that inequality rises and real wage slowdowns have gone hand-in-hand with one another due to wages decoupling from productivity in the United States and United Kingdom. The lack of growth of real wages at the median in the United States is also shown to be linked to the declining influence of trade unions.

Keywords

Citation

Machin, S. (2016), "Rising Wage Inequality, Real Wage Stagnation and Unions ", Inequality: Causes and Consequences (Research in Labor Economics, Vol. 43), Emerald Group Publishing Limited, Bingley, pp. 329-354. https://doi.org/10.1108/S0147-912120160000043017

Publisher

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Emerald Group Publishing Limited

Copyright © 2016 Emerald Group Publishing Limited