US wage growth ‘possibly double’ what is reported – Dallas Fed
Researchers use dataset that includes those who move house to calculate wage growth
US wage growth could be much higher than traditional indictors imply because they do not include people who move house, researchers from the Federal Reserve Bank of Dallas find.
Michael Morris, Robert Rich and Joseph Tracy use the Survey of Income and Program Participation to calculate whether wage growth would change if it included those individuals who moved residences.
They argue that leaving out movers in important surveys lowers average wage growth calculations because those who move
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