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BusinessFounded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, and business professionals.See the Story
The Cost of Money is Part of the Cost of Living: New Evidence on the Consumer Sentiment Anomaly
100% Center coverage: 1 sources
BusinessLabor market tightness following the height of the Covid-19 pandemic led to an unexpected compression in the US wage distribution. Rapid relative wage growth at the bottom of the distribution reduced the college wage premium and counteracted nearly 40% of the four-decade increase in aggregate 90-10 log wage inequality. Wage compression was accompanied by rapid nominal wage growth and rising job-to-job separations, especially among young non-college workers.See the Story
The Unexpected Compression: Competition at Work in the Low Wage Labor Market
100% Center coverage: 1 sources