| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w23292 |
| 来源ID | Working Paper 23292 |
| Fifty Years Of Growth In American Consumption, Income, And Wages | |
| Bruce Sacerdote | |
| 发表日期 | 2017-04-03 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | Despite the large increase in U.S. income inequality, consumption for families at the 25th and 50th percentiles of income has grown steadily over the time period 1960-2015. The number of cars per household with below median income has doubled since 1980 and the number of bedrooms per household has grown 10 percent despite decreases in household size. The finding of zero growth in American real wages since the 1970s is driven in part by the choice of the CPI-U as the price deflator (Broda and Weinstein 2008). Small biases in any price deflator compound over long periods of time. Using a different deflator such as the Personal Consumption Expenditures index (PCE) yields modest growth in real wages and in median household incomes throughout the time period. Accounting for the Hamilton (1998) and Costa (2001) estimates of CPI bias yields estimated wage growth of 1 percent per year during 1975-2015. Meaningful growth in consumption for below median income families has occurred even in a prolonged period of increasing income inequality, increasing consumption inequality and a decreasing share of national income accruing to labor. |
| 主题 | Microeconomics ; Welfare and Collective Choice ; Macroeconomics ; Consumption and Investment ; Business Cycles ; Health, Education, and Welfare ; Poverty and Wellbeing ; Labor Economics ; Labor Compensation |
| URL | https://www.nber.org/papers/w23292 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/580966 |
| 推荐引用方式 GB/T 7714 | Bruce Sacerdote. Fifty Years Of Growth In American Consumption, Income, And Wages. 2017. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w23292.pdf（497KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Bruce Sacerdote]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Bruce Sacerdote]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Bruce Sacerdote]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
