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- Title
Purchasing power: using wage statistics with regional price parities to create a standard for comparing wages across U.S. areas.
- Authors
Cover, Benjamin
- Abstract
The U.S. Bureau of Labor Statistics Occupational Employment Statistics (OES) program has long produced actual wages by occupation that allow data users to compare wages across geographic regions. For the purpose of this article, the OES program has produced price-adjusted wages, which incorporate the costs of goods and services in an area to produce a figure that more accurately represents the real value of earnings for cross-area comparisons. This article explores how measures of price-adjusted wages and employment concentration are used to compare employment across areas.
- Subjects
UNITED States; UNITED States. Bureau of Labor Statistics; PURCHASING power; WAGES; EMPLOYMENT of Americans; OCCUPATIONS
- Publication
Monthly Labor Review, 2016, p1
- ISSN
0098-1818
- Publication type
Article
- DOI
10.21916/mlr.2016.14