Return the average annual salaries for select wage groups, with particular focus on the highest wage earners. Note that this data is not directly comparable to wage deciles/percentiles.
get_annual_wages_by_wage_group()tbl_df with data filtered by the selected criteria.
data frame
Wages are in 2017 dollars. Population sample: All workers.
The average annual wages by wage group are taken from a 2010 article by Wojciech Kopczuk, Emmanuel Saez, and Jae Song. To extend this series, data for 2006 through 2017 are extrapolated from 2004 data using changes in wage shares computed from Social Security Administration wage statistics. We employ the midpoint of the bracket to compute total wage income in each bracket and sum all brackets. We then use interpolation to derive percentile cutoffs building from the bottom up to obtain the 0<U+2013>90th percentile bracket and then estimate the remaining categories. This allows us to estimate the wage shares for upper wage groups. We use these wage shares computed for 2004 and later years to extend the Kopczuk, Saez, and Song series by adding the changes in share between 2004 and the relevant year to their series. To obtain absolute wage trends we use the SSA data on the total wage pool and employment and compute the real wage per worker (based on t heir share of wages and employment) in the different groups in 2017 dollars. For a detailed explanation, see the methodology for annual wages and hours.
# NOT RUN {
if (not_dos()) get_annual_wages_by_wage_group()
# }
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