Relationship between wage growth and overall employment outcomes
| Hourly wage percentiles | |||
|---|---|---|---|
| 10th | 50th | 90th | |
| Unemployment rate | -0.490*** | -0.415*** | -0.292*** |
| (0.057) | (0.055) | (0.053) | |
| EPOP, ages 16+ | 0.227*** | 0.190*** | 0.099*** |
| (0.036) | (0.027) | (0.027) | |
| Prime-age EPOP | 0.246*** | 0.212*** | 0.092*** |
| (0.040) | (0.029) | (0.032) | |
*p < 0.10; **p < 0.05; ***p < 0.01
Notes: Each column is a separate regression of the percent change in the 10th-, 50th-, or 90th-percentile wage on the level of the unemployment rate, EPOP (ages 16+), or prime-age EPOP (ranging from 0 to 100) for annual data 1980–2016. All regressions include state and year fixed effects and standard errors are clustered at the state level.
Source: Authors’ analysis of state-level annual aggregations of Current Population Survey microdata