U.S. Industry Wage Trends Pre and Post 2008 Recession
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).
Tony S Caporale, Robert D Dean
Primary Advisor's Department
Economics and Finance
Stander Symposium poster
"U.S. Industry Wage Trends Pre and Post 2008 Recession" (2019). Stander Symposium Posters. 1579.