Table 7
Contribution of hours versus hourly wages to annual wage growth for working-age households, by income group, selected years, 1979–2012 (2012 dollars)
| Real average annual wages | 1979 | 1989 | 1995 | 2000 | 2007 | 2012 | 1995–2000 | 1979–2007 | 2007–2012 |
|---|---|---|---|---|---|---|---|---|---|
| All | $60,959 | $67,222 | $71,664 | $80,516 | $80,399 | $78,346 | 11.6% | 27.7% | -2.6% |
| Bottom fifth | $14,898 | $15,163 | $14,643 | $17,444 | $16,849 | $14,687 | 17.5% | 12.3% | -13.7% |
| Annual hours worked | |||||||||
| All | 3,092 | 3,286 | 3,317 | 3,378 | 3,314 | 3,226 | 1.8% | 6.9% | -2.7% |
| Bottom fifth | 1,716 | 1,884 | 1,837 | 1,977 | 1,880 | 1,719 | 7.4% | 9.2% | -9.0% |
| Real average hourly wages | |||||||||
| All | $19.72 | $20.46 | $21.61 | $23.83 | $24.26 | $24.28 | 9.8% | 20.8% | 0.1% |
| Bottom fifth | $8.68 | $8.05 | $7.97 | $8.82 | $8.96 | $8.54 | 10.1% | 3.2% | -4.8% |
Contributions to annual wage growth |
|||||||||
| Hours worked | |||||||||
| All | – | – | – | – | – | – | 15.8% | 25.0% | 103.3% |
| Bottom fifth | – | – | – | – | – | – | 42.2% | 74.4% | 65.3% |
| Hourly wages | |||||||||
| All | – | – | – | – | – | – | 84.2% | 75.0% | -3.3% |
| Bottom fifth | – | – | – | – | – | – | 57.8% | 25.6% | 34.7% |
Note: Data are for money income. Percentage changes are approximated by taking the difference of natural logs of wages and hours.
Source: Authors' analysis of the Current Population Survey Annual Social and Economic Supplement microdata.
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