Table 2.17
Contribution of hours versus hourly wages to annual wage growth for working-age households, by income group, selected years, 1979–2007 (2011 dollars)
| Change | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1979 | 1989 | 1995 | 2000 | 2007 | 1979– 1989 |
1989– 1995 |
1995– 2000 |
2000– 2007 |
1979– 2007 |
|
| Real average annual wages | ||||||||||
| All | $59,723 | $65,858 | $70,210 | $78,883 | $78,768 | 9.8% | 6.4% | 11.6% | -0.1% | 27.7% |
| Bottom fifth | 14,596 | 14,855 | 14,346 | 17,090 | 16,507 | 1.8 | -3.5 | 17.5 | -3.5 | 12.3 |
| Second fifth | 32,792 | 33,773 | 32,700 | 36,817 | 35,980 | 2.9 | -3.2 | 11.9 | -2.3 | 9.3 |
| Middle fifth | 49,260 | 51,729 | 50,561 | 56,335 | 55,560 | 4.9 | -2.3 | 10.8 | -1.4 | 12.0 |
| Fourth fifth | 66,410 | 71,972 | 72,651 | 80,791 | 81,220 | 8.0 | 0.9 | 10.6 | 0.5 | 20.1 |
| 80th–<95th percentile | 91,395 | 103,913 | 107,185 | 120,541 | 123,076 | 12.8 | 3.1 | 11.7 | 2.1 | 29.8 |
| Top 5 percent | 128,656 | 159,249 | 219,365 | 264,547 | 254,701 | 21.3 | 32.0 | 18.7 | -3.8 | 68.3 |
| Annual hours worked | ||||||||||
| All | 3,092 | 3,286 | 3,317 | 3,378 | 3,314 | 6.1% | 0.9% | 1.8% | -1.9% | 6.9% |
| Bottom fifth | 1,716 | 1,884 | 1,837 | 1,977 | 1,880 | 9.4 | -2.5 | 7.4 | -5.0 | 9.2 |
| Second fifth | 2,543 | 2,797 | 2,811 | 2,908 | 2,787 | 9.5 | 0.5 | 3.4 | -4.2 | 9.2 |
| Middle fifth | 3,007 | 3,273 | 3,323 | 3,395 | 3,335 | 8.5 | 1.5 | 2.2 | -1.8 | 10.3 |
| Fourth fifth | 3,424 | 3,604 | 3,688 | 3,774 | 3,719 | 5.1 | 2.3 | 2.3 | -1.5 | 8.3 |
| 80th–<95th percentile | 3,816 | 3,976 | 4,005 | 4,035 | 3,997 | 4.1 | 0.7 | 0.7 | -0.9 | 4.6 |
| Top 5 percent | 3,939 | 4,069 | 4,057 | 3,984 | 4,013 | 3.2 | -0.3 | -1.8 | 0.7 | 1.9 |
| Real average hourly wages | ||||||||||
| All | $19.32 | $20.04 | $21.17 | $23.35 | $23.77 | 3.7% | 5.5% | 9.8% | 1.8% | 20.8% |
| Bottom fifth | 8.51 | 7.88 | 7.81 | 8.64 | 8.78 | -7.6 | -0.9 | 10.1 | 1.6 | 3.2 |
| Second fifth | 12.90 | 12.07 | 11.63 | 12.66 | 12.91 | -6.6 | -3.7 | 8.5 | 1.9 | 0.1 |
| Middle fifth | $16.38 | $15.81 | $15.22 | $16.59 | $16.66 | -3.6% | -3.8% | 8.7% | 0.4% | 1.7% |
| Fourth fifth | 19.40 | 19.97 | 19.70 | 21.41 | 21.84 | 2.9 | -1.4 | 8.3 | 2.0 | 11.8 |
| 80th–<95th percentile | 23.95 | 26.14 | 26.76 | 29.87 | 30.79 | 8.7 | 2.4 | 11.0 | 3.0 | 25.1 |
| Top 5 percent | 32.66 | 39.14 | 54.07 | 66.40 | 63.47 | 18.1 | 32.3 | 20.5 | -4.5 | 66.4 |
| Contributions to annual wage growth | ||||||||||
| Hours worked | ||||||||||
| All | 62.3% | 14.5% | 15.8% | 1321.3% | 25.0% | |||||
| Bottom fifth | 531.5 | 73.0 | 42.2 | 145.4 | 74.4 | |||||
| Second fifth | 323.8 | -15.4 | 28.6 | 184.7 | 99.0 | |||||
| Middle fifth | 173.0 | -66.2 | 20.0 | 130.1 | 85.9 | |||||
| Fourth fifth | 63.9 | 245.3 | 21.7 | -276.5 | 41.1 | |||||
| 80th–<95th percentile | 31.9 | 23.7 | 6.3 | -45.0 | 15.6 | |||||
| Top 5 percent | 15.2 | -0.9 | -9.7 | -19.0 | 2.7 | |||||
| Hourly wages | ||||||||||
| All | 37.7% | 85.5% | 84.2% | -1221.3% | 75.0% | |||||
| Bottom fifth | -431.5 | 27.0 | 57.8 | -45.4 | 25.6 | |||||
| Second fifth | -223.8 | 115.4 | 71.4 | -84.7 | 1.0 | |||||
| Middle fifth | -73.0 | 166.2 | 80.0 | -30.1 | 14.1 | |||||
| Fourth fifth | 36.1 | -145.3 | 78.3 | 376.5 | 58.9 | |||||
| 80th–<95th percentile | 68.1 | 76.3 | 93.7 | 145.0 | 84.4 | |||||
| Top 5 percent | 84.8 | 100.9 | 109.7 | 119.0 | 97.3 | |||||
Note: Income groups refer to working-age households in various sections of the income distribution as measured by 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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