The Secular Stagnation Hypothesis: A Review of the Debate and Some Insights

@article{Pagano2014TheSS,
  title={The Secular Stagnation Hypothesis: A Review of the Debate and Some Insights},
  author={Patrizio Pagano and Massimo Sbracia},
  journal={Economic History eJournal},
  year={2014}
}
Recent studies warn that the U.S. economy may return to a phase of secular stagnation. In the next 20 to 50 years, U.S. economic growth will be negatively affected by lower contributions of hours worked and education. But some studies also add that productivity could decelerate sharply and that GDP per capita, by focusing on the average household, neglects that income has already been stagnating in the last 30 years for the households in the bottom 99% of the income distribution. After… 
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