Job Market Monitor
Wage Growth
Wage Growth in Canada – A range of indicators are required to fully interpret it
A new presentation, “Disaggregating wage growth: Trends and considerations,” looks below the surface of trends in wage growth, highlights important factors to consider when interpreting recent findings, and illustrates the value of using a wide range of indicators to paint a comprehensive picture of current labour market conditions. Interpretation of wage trends must take into … Continue reading
Labor Market Fluidity and Wage Growth – Differences in labor market fluidity account for half of the faster wage growth experienced by high fluidity economies
Job-to-job labor market flows vary substantially across countries. In Labor Market Fluidity and Human Capital Accumulation (NBER Working Paper 29698), Niklas Engbom finds that greater labor market fluidity — more frequent job changes per worker—is associated with greater human capital accumulation as workers acquire new skills. Greater fluidity also allows workers to find jobs where … Continue reading
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