Low US unemployment unlikely to foster sudden wage growth – research

san-francisco-federal-reserve

The ultra-low unemployment rate in the US is unlikely to trigger sharp wage increases, according to research published by the Federal Reserve Bank of San Francisco on January 14.

In Does Ultra-Low Unemployment Spur Rapid Wage Growth?, researchers at the San Francisco Fed Sylvain Leduc, Chitra Marti, and Daniel Wilson analyse whether at very low unemployment the wage Phillips curve becomes non-linear.

“A careful look at the wage Phillips curve across states yields little evidence supporting the

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: