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[IWS] BLS: AGING WAGE SURVEY DATA Using the EMPLOYMENT COST INDEX [29 January 2008]

IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations
-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor
---------------------- Stuart Basefsky
New York, NY 10016
-------------------------------Director, IWS News Bureau
________________________________________________________________________

Compensation and Working Conditions Online [29 January 2008]
http://www.bls.gov/opub/cwc/home.htm


Aging Wage Survey Data Using the Employment Cost Index [29 January 2008]
by Wayne M. Shelly
http://www.bls.gov/opub/cwc/cm20080122ar01p1.htm


Abstract:
The Employment Cost Index provides a valuable tool that can be used to adjust wage survey data--a process known as "aging"--to account for the time lag between the last published survey data and the present. Making such adjustments is critical for many users, such as human resource professionals, who use the data to set wage levels at their firms, and job seekers, who use the data to evaluate job offers.

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This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.

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Stuart Basefsky                   
Director, IWS News Bureau                
Institute for Workplace Studies 
Cornell/ILR School                        
16 E. 34th Street, 4th Floor             
New York, NY 10016                        
                                   
Telephone: (607) 255-2703                
Fax: (607) 255-9641                       
E-mail: smb6@cornell.edu                  
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