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CEP 21st Birthday Lecture Series

Comparing Real Wages: the McWage Index


Speaker: Professor Orley Ashenfelter, Princeton University

Chair: Professor Lord Richard Layard, Centre for Economic Performance, LSE

Date: Tuesday 28 February 2012

Time: 6.30 - 8.00pm

Location: LSE Sheikh Zayed Theatre, New Academic Building, Lincoln's Inn Fields, London WC2A 3LJ

This event is free and open to all with no ticket required. Entrance is on a first-come-first-serve basis.

Orley Ashenfelter
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Overview: Real wages measure worker welfare and the cost of labor. 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

About the Speaker: Orley Ashenfelter is Joseph Douglas Green 1895 Professor of Economics and Director of the Industrial Relations Section at Princeton University. He is also the editor of the Law and Economics Review, a member of the American Academy of Arts and Science, and is a corresponding member of the Royal Society of Edinburgh. In 2003 he won the IZA Labor Economics Prize, and in 2002 received a doctorate Honoris Causa from the University of Brussels.


For information on future lectures in this series, please visit the CEP 21st Birthday Lecture Series webpage

Suggested hashtag for this event for Twitter users: #lsemcwage