Productivity and Pay: Is the link broken?
---- Acknowledgements ----
Thanks to Jared Bernstein, Josh Bivens, John Coglianese, Jason Furman, Larry Katz, Robert Lawrence, Eben Lazarus, Larry Mishel, Adam Posen, Jaana Remes, Jim Stock and Jeromin Zettelmeyer for comments, as well as to the participants at the Peterson Institute for International Economics conference in November 2017 and pre-conference in July 2017. Thanks also to Philipp Schellhaas for excellent research assistance. Presented at the Peterson Institute for International Economics conference on “The Policy Implications of Sustained Low Productivity Growth”, November 9th 2017. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.