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Comparing Real Wages: the McWage Index

London School of Economics and Political Science (LSE) 76,26876K
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Published on Mar 6, 2012

Speaker(s): Professor Orley Ashenfelter
Chair: Professor Lord Layard
We apologise for the poor sound quality, an mp3 podcast with better sound quality and pdf slides are available here - http://www2.lse.ac.uk/newsAndMedia/vi...

Recorded on 28 February 2012 in Sheikh Zayed Theatre, New Academic Building.

Real wages measure worker welfare and the cost of labour. After providing some historical background and the basis for their interpretation, Professor Ashenfelter reports the results of a decade long study of wage rates at McDonald's restaurants in over 60 countries.

Orley Ashenfelter is Joseph Douglas Green 1895 Professor of Economics and director of the Industrial Relations Section at Princeton University.

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