Recent Blog Posts
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The Year in Research
Dec 31 20089:13 am EDT -
Mind Your Value Judgements
Dec 19 20087:52 pm EDT -
S.E.C. Short-Sale Ban: Pretty Much Useless
Dec 19 20083:45 pm EDT -
Advice from Japan: Don't Forget TARP 1
Dec 19 20082:31 pm EDT -
Chart of the Day: Money Market Stress Easing
Dec 18 20088:57 pm EDT -
House Price Bubble Deflated?
Dec 18 20085:57 pm EDT -
Where Were the Whistleblowers?
Dec 16 200811:03 pm EDT -
It's Just a Recession
Dec 13 200810:20 pm EDT -
Comparing American and European Unemployment Insurance
Dec 12 20087:46 pm EDT -
Back to Normal?
Dec 11 20084:33 pm EDT
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Chart of the Day: Young Baby Boomers and Earnings Growth
The Bureau of Labor Statistics recently released numbers on the labor market activity of the youngest Baby Boomers -- those borns between 1957 and 1964, a group which includes Democratic presidential candidate Barack Obama.
The decline in the annual earnings growth isn't surprising (to see why read this). What's more interesting is that compared to previous generations these annual rates of growth are much diminished, another sign of what reduced productivity can do to earnings: Between 1978 and 2006, the period the survey covered, the average annual growth in productivity was 1.85 percent while in the previous stretch that figure was 2.48 percent.
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