TY  - RPRT
        AU  - Champagne, Julien
AU  - Kurmann, Andre
AU  - Stewart, Jay
        TI  - Reconciling the Divergence in Aggregate U.S. Wage Series
        PY  - 2016/Feb/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 9754
        UR  - https://www.iza.org/publications/dp9754
        AB  - According to data from the Labor Productivity and Costs (LPC) program, average hourly real compensation in the United States has grown consistently over time and become markedly more volatile since the mid-1980s. By contrast, data from the Current Employment Statistics (CES) imply that average hourly real earnings has mostly stagnated and become substantially less volatile. We show that differences in earnings concept and differences in worker coverage account for the majority of this divergence in growth and volatility. The results have important implications for the appropriate choice of aggregate wage series for macroeconomic analysis.
        KW  - earnings trends
KW  - comparison of hourly earnings data
KW  - earnings volatility
        ER  -