Table 2

Contribution of hours versus hourly wages to annual wage growth for working-age households, by income group, selected years, 1979–2013 (2013 dollars)

Period changes
1979 1989 1995 2000 2007 2013 19952000 20072013 19792007
Real average annual wages
All $61,845 $68,199 $72,705 $81,686 $81,567 $80,324 11.6% -1.5% 27.7%
Bottom fifth $15,114 $15,383 $14,856 $17,697 $17,094 $15,360 17.5% -10.7% 12.3%
Annual hours worked
All 3,092 3,286 3,317 3,378 3,314 3,253 1.8% -1.9% 6.9%
Bottom fifth 1,716 1,884 1,837 1,977 1,880 1,725 7.4% -8.6% 9.2%
Implicit household wages per hour worked
All $20.00 $20.75 $21.92 $24.18 $24.61 $24.70 9.8% 0.3% 20.8%
Bottom fifth $8.81 $8.16 $8.09 $8.95 $9.09 $8.91 10.1% -2.1% 3.2%

Contributions to annual wage growth

Hours worked
All  –  –  –  –  –  – 15.8% 121.3% 25.0%
Bottom fifth  –  –  –  –  –  – 42.2% 80.7% 74.4%
Hourly wages
All  –  –  –  –  –  – 84.2% -21.3% 75.0%
Bottom fifth  –  –  –  –  –  – 57.8% 19.3% 25.6%

 

Note: Working-age households are those headed by someone under age 65. Data are for money income. Percentage changes are approximated by taking the difference of natural logs of wages and hours.

Source: Authors' analysis of Current Population Survey Annual Social and Economic Supplement microdata

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