U.S. Industry Wage Trends Pre and Post 2008 Recession

Title

U.S. Industry Wage Trends Pre and Post 2008 Recession

Authors

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Description

Since the 2008 recession, wage growth within the U.S. economy has been considered muted at best. In this study I use time-trend regression equations to determine rates of wage growth both pre and post 2008 recession. I test the hypothesis that the slope coefficients for the pre-2008 trend regressions were higher than the slope coefficients for the post-2008 regressions. I also forecast wage growth for 2018 using the univariate regression models adjusted for root mean square forecasting error (RMSE).

Publication Date

4-24-2019

Project Designation

Independent Research

Primary Advisor

Tony S Caporale, Robert D Dean

Primary Advisor's Department

Economics and Finance

Keywords

Stander Symposium poster

Comments

Presenter: Casey (Patrick) Casey Marsh

U.S. Industry Wage Trends Pre and Post 2008 Recession

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