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Growth, Employment and the Productivity–Wage Gap: Revisiting the Growth–Poverty Nexus

Growth, Employment and the Productivity–Wage Gap: Revisiting the Growth–Poverty Nexus L. Mishel , J. Bernstein and H. Shierholz ( 2009 ) The State of Working America 2008/2009 . Ithaca , NY, and London : Cornell University Press for the Economic Policy Institute . 472 pp . $62.95 hardback, $24.95 paperback . INTRODUCTION The State of Working America 2008/2009 — which gives a fascinating empirical account of how the economic performance of the US economy in the last decade shaped the living standards of its working people — is not written with an audience of development economists and practitioners in mind. However, it brings a breath of fresh air, offering a welcome antidote to the type of reasoning that has come to hold sway in current development policy debates on the question of ‘pro‐poor growth’. This Assessment aims to pick out a few central themes of The State of Working America 2008/2009 , summarize them in a condensed form and highlight their relevance to present‐day concerns in development economics, in particular with respect to the growth–poverty reduction linkage. More specifically, two issues will be dealt with: the centrality of wage employment growth and the importance of the productivity–labour earnings nexus as key conditioning factors for inclusive economic growth. Pro‐poor http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Development and Change Wiley

Growth, Employment and the Productivity–Wage Gap: Revisiting the Growth–Poverty Nexus

Wuyts, Marc
Development and Change , Volume 42 (1) – Jan 1, 2011
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References (2)

Publisher
Wiley
Copyright
© 2011 International Institute of Social Studies
ISSN
0012-155X
eISSN
1467-7660
DOI
10.1111/j.1467-7660.2011.01683.x
Publisher site
See Article on Publisher Site

Abstract

L. Mishel , J. Bernstein and H. Shierholz ( 2009 ) The State of Working America 2008/2009 . Ithaca , NY, and London : Cornell University Press for the Economic Policy Institute . 472 pp . $62.95 hardback, $24.95 paperback . INTRODUCTION The State of Working America 2008/2009 — which gives a fascinating empirical account of how the economic performance of the US economy in the last decade shaped the living standards of its working people — is not written with an audience of development economists and practitioners in mind. However, it brings a breath of fresh air, offering a welcome antidote to the type of reasoning that has come to hold sway in current development policy debates on the question of ‘pro‐poor growth’. This Assessment aims to pick out a few central themes of The State of Working America 2008/2009 , summarize them in a condensed form and highlight their relevance to present‐day concerns in development economics, in particular with respect to the growth–poverty reduction linkage. More specifically, two issues will be dealt with: the centrality of wage employment growth and the importance of the productivity–labour earnings nexus as key conditioning factors for inclusive economic growth. Pro‐poor

Journal

Development and Change – Wiley

Published: Jan 1, 2011

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