Meticulous research by the economists David Autor, Annie McGraw and Arindrajit Dube shows that for lower-income people, real wages have risen, erasing nearly 40 percent of the longstanding wage gap between richer and poorer workers in the United States ...
Even so, because inflation in essentials like food, housing and transportation stresses lower-income people more acutely than the rich, it's not clear that those wage increases are well appreciated ...
top... the economists David Autor, Annie McGraw and Arindrajit Dube shows that for lower-income people, real wages have risen, erasing nearly 40 percent of the longstanding wage gap between richer and poorer workers in the United States.
top... David Autor, Annie McGraw and Arindrajit Dube shows that for lower-income people, real wages have risen, erasing nearly 40 percent of the longstanding wage gap between richer and poorer workers in the United States.
topMeticulous research by the economists David Autor, Annie McGraw and Arindrajit Dube shows that for lower-income people, real wages have risen, erasing nearly 40 percent of the longstanding wage gap between richer and poorer workers in the United States
topEven so, because inflation in essentials like food, housing and transportation stresses lower-income people more acutely than the rich, it's not clear that those wage increases are well appreciated
topMeticulous research by the economists David Autor, Annie McGraw and Arindrajit Dube shows that for lower-income people, real wages have risen, erasing nearly 40 percent of the longstanding wage gap between richer and poorer workers in the United States.
topMeticulous research by the economists David Autor, Annie McGraw and Arindrajit Dube shows that for lower-income people, real wages have risen, erasing nearly 40 percent of the longstanding wage gap between richer and poorer workers in the United States
topMeticulous research by the economists David Autor, Annie McGraw and Arindrajit Dube shows that for lower-income people, real wages have risen, erasing nearly 40 percent of the longstanding wage gap between richer and poorer workers in the...
topMeticulous research by the economists David Autor, Annie McGraw and Arindrajit Dube shows that for lower-income people, real wages have risen, erasing nearly 40 percent of the longstanding wage gap between richer and poorer workers in the United States
topMeticulous research by the economists David Autor, Annie McGraw and Arindrajit Dube shows that for lower-income people, real wages have risen, erasing nearly 40 percent of the longstanding wage gap between richer and poorer workers in the United States
topLooking back at past periods of high inflation, they have done some rough calculations that show that the negative effects of inflation on consumer sentiment erode 50 percent each year.
topAccording to his model - and, crucially, assuming the rate of inflation drops immediately to the Fed's forecast of 2.5 percent annually - there would be an eight percentage point increase in consumer sentiment by November
topAccording to his model - and, crucially, assuming the rate of inflation drops immediately to the Fed's forecast of 2.5 percent annually - there would be an eight percentage point increase in consumer sentiment by November.
topAccording to his model - and, crucially, assuming the rate of inflation drops immediately to the Fed's forecast of 2.5 percent annually - there would be an eight percentage point increase in consumer sentiment by November
topAccording to his model - and, crucially, assuming the rate of inflation drops immediately to the Fed's forecast of 2.5 percent annually - there would be an eight percentage point increase in consumer sentiment by November
topThey have depressed consumer confidence, despite a growing economy and low unemployment.. . But exactly how inflation is hurting, helping and confusing people is hard to understand
topThey have depressed consumer confidence, despite a growing economy and low unemployment.. . But exactly how inflation is hurting, helping and confusing people is hard to understand.
topYet unless you're constantly pulling out a calculator, you're unlikely to know whether your wages are keeping up with inflation, whether the stock market has actually hit a real peak or whether a lottery jackpot is as sweet as the marketers claim
top... analysis by Robert Shiller, a Yale economist, who has long used inflation-adjusted data to pierce the veil of money illusion. Because of setbacks in the past few weeks - high inflation and a faltering stock market - the market has fallen below peak levels in real terms.
topWhen used by skilled marketers, money illusion can make unwary humans so excited that they will pour hard-earned money into chimeras, like lotteries and frothy stock markets
topI relied on an analysis by Robert Shiller, a Yale economist, who has long used inflation-adjusted data to pierce the veil of money illusion. Because of setbacks in the past few weeks - high inflation and a faltering stock market - the market has fallen below peak levels in real terms
topWhen used by skilled marketers, money illusion can make unwary humans so excited that they will pour hard-earned money into chimeras, like lotteries and frothy stock markets.
topWhen used by skilled marketers, money illusion can make unwary humans so excited that they will pour hard-earned money into chimeras, like lotteries and frothy stock markets.
topI relied on an analysis by Robert Shiller, a Yale economist, who has long used inflation-adjusted data to pierce the veil of money illusion. Because of setbacks in the past few weeks - high inflation and a faltering stock market - the market has fallen below peak levels in real terms
topWhen used by skilled marketers, money illusion can make unwary humans so excited that they will pour hard-earned money into chimeras, like lotteries and frothy stock markets
topWhen used by skilled marketers, money illusion can make unwary humans so excited that they will pour hard-earned money into chimeras, like lotteries and frothy stock markets.
topWhen used by skilled marketers, money illusion can make unwary humans so excited that they will pour hard-earned money into chimeras, like lotteries and frothy stock markets.
topI relied on an analysis by Robert Shiller, a Yale economist, who has long used inflation-adjusted data to pierce the veil of money illusion. Because of setbacks in the past few weeks - high inflation and a faltering stock market - the market has fallen below peak...
topWhen used by skilled marketers, money illusion can make unwary humans so excited that they will pour hard-earned money into chimeras, like lotteries and frothy stock markets.
topMeticulous research by the economists David Autor, Annie McGraw and Arindrajit Dube shows that for lower-income people, real wages have risen, erasing nearly 40 percent of the longstanding wage gap between richer and poorer workers in the United States.
top. Even so, because inflation in essentials like food, housing and transportation stresses lower-income people more acutely than the rich, it's not clear that those wage increases are well appreciated
topSteep housing costs are embedded in government indexes and account for a substantial part of recent official inflation increases.
topEven so, because inflation in essentials like food, housing and transportation stresses lower-income people more acutely than the rich, it's not clear that those wage increases are well appreciated
topSteep housing costs are embedded in government indexes and account for a substantial part of recent official inflation increases.. . Wages are another nagging problem
top... lower-income people, real wages have risen, erasing nearly 40 percent of the longstanding wage gap between richer and poorer workers in the United States.. . Even so, because inflation in essentials like food, housing and transportation stresses lower-income people more acutely than the rich, it's not clear that those wage increases are well appreciated
topIn fact, research by Stefanie Stantcheva, a scholar at Harvard and the Brookings Institution, building on earlier work by Professor Shiller, finds that it's not.. . People tend to blame the government for the pain of inflation, and to give themselves credit for raises they have received - even while feeling angry that those raises don't seem to be keeping up with the cost of living
topAt the moment, consumer sentiment surveys are skewing lower than they have in periods that were similar in economic growth and employment. Neale Mahoney and Ryan Cummings, two economists at Stanford, think inflation, and lingering dissatisfaction with price levels, may well be the cause.
topPeople tend to blame the government for the pain of inflation, and to give themselves credit for raises they have received - even while feeling angry that those raises don't seem to be keeping up with the cost of living
topPeople tend to blame the government for the pain of inflation, and to give themselves credit for raises they have received - even while feeling angry that those raises don't seem to be keeping up with the cost of living
top... the economists David Autor, Annie McGraw and Arindrajit Dube shows that for lower-income people, real wages have risen, erasing nearly 40 percent of the longstanding wage gap between richer and poorer workers in the United States.. . Even so, because inflation in essentials like food, housing and transportation stresses lower-income people more acutely than the rich, it's not clear that those wage increases...
top(They used what economists call nominal prices, not real ones.) On an inflation-adjusted basis, the stock market only in March approached a new peak for the first time in years
top(They used what economists call nominal prices, not real ones.) On an inflation-adjusted basis, the stock market only in March approached a new peak for the first time in years. I relied on an analysis by Robert Shiller, a Yale economist, who has long used inflation-adjusted data to pierce the veil of money illusion
topBecause of setbacks in the past few weeks - high inflation and a faltering stock market - the market has fallen below peak levels in real terms.. . Using nominal returns in an inflationary era can lead you to the erroneous conclusion that market is generating phenomenal returns
top... setbacks in the past few weeks - high inflation and a faltering stock market - the market has fallen below peak levels in real terms.. . Using nominal returns in an inflationary era can lead you to the erroneous conclusion that market is generating phenomenal returns.
top(They used what economists call nominal prices, not real ones.) On an inflation-adjusted basis, the stock market only in March approached a new peak for the first time in years
top... the past few weeks - high inflation and a faltering stock market - the market has fallen below peak levels in real terms.. . Using nominal returns in an inflationary era can lead you to the erroneous conclusion that market is generating phenomenal returns.
top(They used what economists call nominal prices, not real ones.) On an inflation-adjusted basis, the stock market only in March approached a new peak for the first time in years. I relied on an analysis by Robert Shiller, a Yale economist, who has long used inflation-adjusted data to pierce the veil of money illusion
top"Money Illusion," a classic 1997 paper by the economists Eldar Shafir and Peter Diamond and the psychologist Amos Tversky, found that in periods of high inflation, employers can get away with giving workers raises that amount to substantial wage cuts on an...
top"Money Illusion," a classic 1997 paper by the economists Eldar Shafir and Peter Diamond and the psychologist Amos Tversky, found that in periods of high inflation, employers can get away with giving workers raises that amount to substantial wage cuts on an inflation-adjusted basis.
top"Money Illusion," a classic 1997 paper by the economists Eldar Shafir and Peter Diamond and the psychologist Amos Tversky, found that in periods of high inflation, employers can get away with giving workers raises that amount to substantial wage cuts on an inflation-adjusted basis.
top... Eldar Shafir and Peter Diamond and the psychologist Amos Tversky, found that in periods of high inflation, employers can get away with giving workers raises that amount to substantial wage cuts on an inflation-adjusted basis.. . Say inflation is rising at a 4 percent annual rate, and you get a 2 percent raise
top"Money Illusion," a classic 1997 paper by the economists Eldar Shafir and Peter Diamond and the psychologist Amos Tversky, found that in periods of high inflation, employers can get away with giving workers raises that amount to substantial wage cuts on an inflation-adjusted basis.
top"Money Illusion," a classic 1997 paper by the economists Eldar Shafir and Peter Diamond and the psychologist Amos Tversky, found that in periods of high inflation, employers can get away with giving workers raises that amount to substantial wage cuts on an inflation-adjusted...
topThe official data on average wages is volatile and difficult to interpret.. . Meticulous research by the economists David Autor, Annie McGraw and Arindrajit Dube shows that for lower-income people, real wages have risen, erasing nearly 40 percent of the longstanding wage gap between richer and poorer workers in the...
topWhether they actually have kept up is debatable. The official data on average wages is volatile and difficult to interpret.. . Meticulous research by the economists David Autor, Annie McGraw and Arindrajit Dube shows that for lower-income people, real wages have risen, erasing nearly 40 percent of the longstanding wage gap between richer...
topEven so, because inflation in essentials like food, housing and transportation stresses lower-income people more acutely than the rich, it's not clear that those wage increases are well appreciated.
topWhen the price of products you see every day has gone up - a gallon of gasoline, a loaf of bread, a cup of coffee - you know prices have risen.. . Even so, it's easy to slip back into thinking a dollar is simply worth a dollar, and that it always has been.. . Stocks and the Lottery. Certain aspects of inflation's toll on the markets are extensively chronicled - yet, I think, the profound effects...