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Daily Archives: September 28, 2015

Measuring wage inequality within and across U.S. metropolitan areas, 2003–13

BLS Monthly Labor Review – September 2015 – “This article shows that location, size, and occupational composition play important roles in determining the level of wage inequality within and across U.S. metropolitan areas. Larger areas, especially in the Northeast and on the West Coast, typically have greater wage inequality, while smaller areas, many of which are in the South and Midwest, have less inequality. Metropolitan areas with high concentrations of employment in higher paying occupations also tend to have greater inequality. Rising wage inequality in recent years has brought increased focus on the disparity between the highest wage earners and the lowest wage earners. Less attention, however, has been paid to how wage inequality varies by location or area. By one measure—the ratio of the 90th wage percentile to the 10th wage percentile, sometimes called the “90–10” ratio, inequality increased by 7 percent in the United States between 2003 and 2013. But this increase varied widely by area. The 90–10 ratio increased by over 20 percent in Oakland, CA, and Corvallis, OR, for example, while it declined in several other metropolitan areas in the United States, including three areas in Florida. This article examines how wage inequality varies by metropolitan area and how average wages, occupational composition, geographic location, and the size of the area contribute to the variation in this inequality measure. The data used in this article are from the Occupational Employment Statistics (OES) program. The OES program produces employment and wage estimates annually for more than 800 occupations. These data are available for the nation as a whole, for individual states, and for metropolitan and nonmetropolitan areas; national occupational employment and wages for specific industries are also available. The most recent data show that the 90th-percentile annual wage in the United States for all occupations combined was $88,330 in 2013, and the 10th-percentile wage was $18,190. In other words, the highest paid 10 percent of wage earners in the United States earned at least $88,330 per year, while the lowest paid 10 percent earned less than $18,190 per year. Therefore, by this measure, the “90–10” ratio in the United States was 4.86 in 2013, compared with 4.54 in 2003, an increase of about 7 percent over that 10-year period.”

Does Governance Have a Role in Pricing? Cross-Country Evidence from Bitcoin Markets

Viglione, Robert, Does Governance Have a Role in Pricing? Cross-Country Evidence from Bitcoin Markets (September 25, 2015). Available for download at SSRN: “I investigate the effects of social technologies related to governance on cross-country differences in Bitcoin prices. Investors pay a persistent premium over global prices in countries with less economic freedom, particularly when… Continue Reading

Berkman Center Launches New Internet Data Dashboard

“The Berkman Center for Internet & Society at Harvard University is pleased to announce the launch of the Internet Monitor dashboard, a freely accessible tool that aims to improve information for policymakers, researchers, advocates, and user communities working to shape the future of the Internet by helping them understand trends in Internet health and activity through… Continue Reading

MGI Gender Parity and the Economy Dashboards

McKinsey Global Institute Power of Parity – “How gender-equal is your country? MGI examines gender equality across 15 indicators. These countries are home to 93% of the world’s women and represent 97% of global GDP. Roll over countries to see how they score on gender equality for the selected indicator.” Continue Reading

Legal Issues with Federal Labeling of Genetically Engineered Food: In Brief

Legal Issues with Federal Labeling of Genetically Engineered Food: In Brief. Emily M. Lanza, Legislative Attorney. September 22, 2015. “Genetically engineered (GE) foods, sometimes referred to as genetically modified foods (GMO foods), are foods that are derived from scientific methods used to introduce new traits or characteristics to an organism. The labeling of GE foods… Continue Reading

Unlocking Federal Talent

“ is a comprehensive data visualization dashboard created by the US Office of Personnel Management to help Government leaders make data driven decisions and design initiatives to increase employee engagement and satisfaction. Employee engagement is the employee’s sense of purpose that is evident in their display of dedication, persistence, and effort in their work or… Continue Reading

GAO Reports – Adaptive Sports, DOD Financial Management, Medicare, Food Assistance, Biosurveillance, Public Transit

Adaptive Sports Grant Program: VA Has Taken Steps toward Better Grantee Selection and Oversight, but Additional Actions Needed, GAO-15-791: Published: Sep 28, 2015. Publicly Released: Sep 28, 2015. DOD Financial Management: Continued Actions Needed to Address Congressional Committee Panel Recommendations, GAO-15-463: Published: Sep 28, 2015. Publicly Released: Sep 28, 2015. Drug Compounding for Animals: FDA… Continue Reading