Description

Wooldridge Source: Economic Report of the President, 1989, Table B-47. The data are for the non-farm business sector. Data loads lazily.

Usage

Format

A data.frame with 41 observations on 14 variables:

• year: 1947 to 1987

• wkearns: avg. real weekly earnings

• wkhours: avg. weekly hours

• outphr: output per labor hour

• hrwage: wkearns/wkhours

• lhrwage: log(hrwage)

• loutphr: log(outphr)

• t: time trend: t=1 to 47

• ghrwage: lhrwage - lhrwage[_n-1]

• goutphr: loutphr - loutphr[_n-1]

• ghrwge_1: ghrwage[_n-1]

• goutph_1: goutphr[_n-1]

• goutph_2: goutphr[_n-2]

• lwkhours: log(wkhours)

Notes

These data could be usefully updated, but changes in reporting conventions in more recent ERPs may make that difficult.

Used in Text: pages 363-364, 398, 407

Source

https://www.cengage.com/cgi-wadsworth/course_products_wp.pl?fid=M20b&product_isbn_issn=9781111531041

Examples