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Keywords:real wage growth 

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.
On the Economy

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 ...
Working Papers , Paper 2023-024

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 ...
Review , Volume 106 , Issue 2 , Pages 87-105

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