Wages and prices (macro).

data("wageprc")

Format

A data frame with 286 observations.

year

1964 to 1987

month

1 to 12

price

consumer price index

wage

nominal hourly wage

Source

Jeffrey M. Wooldrige (2006): Introductory Econometrics: A Modern Approach, 3rd ed., Thomson South-Western.

Details

Data from Economic Report of the President, various years.

Notes

These monthly data run from January 1964 through October 1987. The consumer price index averages to 100 in 1967. An updated set of data can be obtained electronically from https://www.govinfo.gov/app/collection/ERP/.