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Discussion Paper
Teacher Wages and Purchasing Power in the Fifth District
Teacher pay is notorious for being low considering teachers' vital role educating young people and preparing them for lifelong learning. At a national level, the difference between teachers' average wages and those of other college graduates has been growing over the past 25 years. But aggregate statistics obscure local variation in teacher wages. As seen in a recent District Digest article on resolving the gap in teacher supply, teachers' starting salaries vary throughout the Fifth District.
Journal Article
Regional Spotlight: Purchasing Power Across the U.S.
Where you live can determine how far a dollar goes. But pay varies regionally, too. To get a true picture of an area?s affordability, it helps to understand regional price parities.
Journal Article
Income: up or down?
Journal Article
Real wages in the 1980s
Journal Article
Falling off the fiscal cliff
Some suggest the best alternative strategy may be to combine short-term spending with longer-term fiscal consolidation?though such a strategy may be easier said than done.
Journal Article
Jargon alert: Inferior goods
Related link(s): https://www.richmondfed.org/-/media/richmondfedorg/publications/research/econ_focus/2009/summer/jargon_alert_weblinks.cfm
Journal Article
Hidden value: how consumer learning boosts output
Iphones. Ipads. Wikipedia. Google Maps. Yelp. TripAdvisor. New digital devices, applications, and services offer advice and information at every turn. The technology around us changes fast, so we are continually learning how best to use it. This increased pace of learning enhances the satisfaction we gain from what we buy and increases its value to us over time, even though it may cost the same ? or less. However, this effect of consumer learning on value makes inflation and output growth more difficult to measure. As a result, current statistics may be undervaluing household purchasing power ...
Journal Article
Purchasing power parity within the United States
Economics has many articles of faith. One of the most dearly held is Purchasing Power Parity, which posits that the price of the same good in different regions should be equivalent when no barriers to arbitrage exist. Because Purchasing Power Parity (PPP) is an important assumption in much of international economic theory, this article examines empirical evidence testing this proposition. ; Instead of analyzing international data, this study analyzes PPP between regions of the United States. By comparing regions within a country, it eliminates many of the hypotheses offered to explain the ...