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Journal Article
Real Wage Growth at the Micro Level
This article investigates patterns in real wage growth in 2022 to determine whether wages have kept up with rising price levels and how this differs among labor market participants. Using the consumer price index for wages and imputing expenditure data from the Consumer Expenditure Survey, we separately measure nominal wage growth and inflation rates at the micro level. We find that there is more heterogeneity in the former, meaning that when we combine them, an individual's real wage growth is primarily driven by their nominal wage growth. In 2022, 57 percent of individuals experienced ...
Working Paper
Real Wage Growth at the Micro Level
This paper investigates patterns in real wage growth in 2022 to determine whether wages have kept up with rising price levels, and how this differs among labor market participants. Using the CPS for wages and imputing expenditure data from the CEX, we measure separately nominal wage growth and inflation rates at the micro level. We find that there is more heterogeneity in the former, meaning that when we combine them, an individual’s real wage growth is primarily driven by their nominal wage growth. In 2022, 57% of individuals experienced negative real wage growth, with older and less ...
Nominal Wage Growth at the Individual Level in 2022
Some workers have seen large changes in their wages over the past year. An analysis looks at who has experienced the most and the least nominal wage growth.
Journal Article
Demographics, COVID-19 Leave Construction with Tight Labor Supply
Although pandemic-induced material shortages may improve, the construction industry’s labor supply challenge is the result of longer-term demographic issues.
Self-Employment Grows during COVID-19 Pandemic
After declining then remaining fairly constant over the previous decade, the share of U.S. workers who are self-employed has grown in the aftermath of the COVID-19 recession.
Journal Article
Neighborhood Types and Intergenerational Mobility
Neighborhoods that differ demographically also exhibit differences in how intergenerational mobility relates to job growth.
Journal Article
Neighborhood Types and Demographics
U.S. neighborhoods can be organized into five types, which have very different demographics and geographical locations.
Real Wage Growth at the Individual Level in 2022
Overall, 54% of workers’ nominal wage growth didn’t keep up with inflation over the past year. But young workers, low-income workers and job switchers tended to fare better than others.