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Wealth, Pensions, Debt, and Savings: Considerations for a Panel Survey

Bucks, Brian K.; Pence, Karen M. - Federal Reserve Board (Board of Governors of the … - 2015

Several U.S. panel surveys measure household wealth. At the same time, many important questions about household wealth accumulation remain somewhat unresolved. We consider whether measurement error on the existing suite of longitudinal surveys hinders their usefulness for addressing these...

Persistent link: https://www.econbiz.de/10011261277

Missing Variation in the Great Moderation: Lack of Signal Error and OLS Regression

Nalewaik, Jeremy J. - Federal Reserve Board (Board of Governors of the … - 2014

This paper studies measurement errors that subtract signal from true variables of interest, labeled lack of signal errors (LoSE). The effect on OLS regression of LoSE is opposite the conventional wisdom about classical measurement errors, with LoSE in the dependent variable, not the explanatory...

Persistent link: https://www.econbiz.de/10010784175

The role of profits in wage determination: evidence from US manufacturing

Estevao, Marcello; Tevlin, Stacey - Federal Reserve Board (Board of Governors of the … - 1995

Persistent link: https://www.econbiz.de/10005513017

Movements of wages over the business cycle: an intra-firm view

Wilson, Beth Anne - Federal Reserve Board (Board of Governors of the … - 1997

This paper tests the hypothesis that firms adjust to the business cycle by altering employment through promotion and hiring and holding the salary structure and salaries assigned to jobs relatively constant. Two comprehensive firm-level panel datasets are used to examine salary setting and...

Persistent link: https://www.econbiz.de/10005514124

Nominal wage rigidity and real wage cyclicality

Estevao, Marcello M.; Wilson, Beth Anne - Federal Reserve Board (Board of Governors of the … - 1998

We discuss the ability of standard estimates of the correlation of wages and employment to measure the relative … and demand shocks, nor give an indication of the response of wages to aggregate demand shocks. Following this, we test the … predictions of a neo-Keynesian model for the correlation of employment and wages using restrictions generated by the model to …

Persistent link: https://www.econbiz.de/10005514138

Looking ahead: young men, wage growth, and labor market participation

Aaronson, Stephanie - Federal Reserve Board (Board of Governors of the … - 2001

single week per year. One common explanation for this trend, declining real wages, ignores the fact that the value of working … 1967 and 1977. Changes in wages do not explain any of this trend. …

Persistent link: https://www.econbiz.de/10005514139