E24 - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital
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Wage Growth in Canada and the United States: Factors Behind Recent Weakness
This note examines the relatively subdued pace of wage growth in Canada since the commodity price decline in 2014 and assesses whether the weakness is attributable to cyclical (e.g., labour market slack) or structural factors (e.g., resource reallocation and demographic change).