Economic analysis, data work, and Python notes from Brian Dew. Subscribe via RSS.
All posts — page 6
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Do regional inflation differences affect nationwide real wage estimates?
Some basic facts about the US economy point to the possibility that inflation is overstated in measures of real wage growth for workers a...
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Higher employment rates mean higher wages for low-wage workers
Low-wage jobs pay better when the local labor market is tight. This is because an employer who can’t easily replace one worker with anoth...
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bd CPS version 0.2 released
Version 0.2 of my personal Current Population Survey partial extract code and documentation is uploaded to GitHub. A few new variables we...
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Possible pieces of the long-term unemployment puzzle
Top US economists recently shared insights and data on the increase in the share of unemployed who are long-term unemployed. While unempl...
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Student debt explains why wage growth hasn’t caused inflation
The Fed has been raising interest rates because of concern that rising wages will lead to inflation. The problem with this argument is th...
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Economist as a plumber with a body camera (EPBC)
Economists could do more to show their work and to maintain their results.
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Tech sector index nearing all-time highs
An important measure of the strength of the tech sector has been climbing rapidly over the past two years and surpassed its turn of the m...
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Answer to gig economy question depends on baseline
The US Bureau of Labor Statistics reported on Thursday that contingent and alternative work was occurring at about the same rate in May 2...
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Sawing off the top of a step ladder
Policymakers may have accidentally demonstrated that they have the skills needed to curb the pay of the top earners in a profession. Unfo...
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Can a tight labor market pull young people back to full-time work?
From 2001 to 2013, college enrollment in the US increased rapidly. Young people delayed the full-time work portion of their lives, ostens...
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College degree boom and a changing labor market baseline
The March FOMC meeting minutes, released today, noted that increased education is changing the unemployment baseline:
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The U.S. economy looks a lot better, starting in 2014
As we head into 2018, I still occasionally see arguments about the U.S. economy based on data that do not cover the years from 2014 to pr...