Additional Readings
These readings will be posted throughout the term. They are not listed on the syllabus and are provided for your information only. They are available only electronically and do not appear in the course reader. Some of these readings were used in earlier semesters and thus provide historical background for the readings assigned this term. Other readings have appeared since this term's course reader was compiled. In a few instances, I may ask you to substitute one of these later readings in place of a required article from the course reader.
The Labor Market
| Federal Reserve Bank of St. Louis National Economic Trends | June 1996 | Kliesen, "Are Real Wages Really Falling?" It is widely argued that the real wages of U.S. workers have grown more slowly after 1993 than before and may in fact have declined since 1973. This article discusses two alternative measures of labor compensation. Which measure is "better"? How have the two measures behaved, and what might account for the differences? Suppose that a slowdown in compensation growth did occur about 1973. What might account for this slowdown? (Hint: Refer to the material on productivity in the previous module and to the facts on population and labor force growth reported above in the questions on the Stein's article.) |