Federal Reserve Bank of Cleveland: 'How Important are Composition Effects for Aggregate Wage Growth?'
January 10, 2026
January 10, 2026
CLEVELAND, Ohio, Jan. 10 (TNSLrpt) -- The Federal Reserve Bank of Cleveland issued the following white paper (No. 22-22R) on January 6, 2026, by Alexander Cline, Robert W. Rich, and Joseph Tracy entitled "How Important are Composition Effects for Aggregate Wage Growth?"
Here are excerpts:
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Previous studies have ascribed the modest procyclicality of average hourly earnings growth to composition bias. These studies argue that by placing more we . . .
Here are excerpts:
* * *
Previous studies have ascribed the modest procyclicality of average hourly earnings growth to composition bias. These studies argue that by placing more we . . .