Wooldridge Source: Economic Report of the President, various years. Data loads lazily.

data('wageprc')

Format

A data.frame with 286 observations on 20 variables:

  • price: consumer price index

  • wage: nominal hourly wage

  • t: time trend = 1, 2 , 3, ...

  • lprice: log(price)

  • lwage: log(wage)

  • gprice: lprice - lprice[_n-1]

  • gwage: lwage - lwage[_n-1]

  • gwage_1: gwage[_n-1]

  • gwage_2: gwage[_n-2]

  • gwage_3:

  • gwage_4:

  • gwage_5:

  • gwage_6:

  • gwage_7:

  • gwage_8:

  • gwage_9:

  • gwage_10:

  • gwage_11:

  • gwage_12:

  • gprice_1: gprice[_n-1]

Notes

These monthly data run from January 1964 through October 1987. The consumer price index averages to 100 in 1967.

Used in Text: pages 405, 444-445, 671.

Examples

 str(wageprc)
#> 'data.frame':	286 obs. of  20 variables:
#>  $ price   : num  92.6 92.5 92.6 92.7 92.7 ...
#>  $ wage    : num  2.32 2.32 2.32 2.34 2.35 ...
#>  $ t       : int  1 2 3 4 5 6 7 8 9 10 ...
#>  $ lprice  : num  4.53 4.53 4.53 4.53 4.53 ...
#>  $ lwage   : num  0.842 0.842 0.842 0.85 0.854 ...
#>  $ gprice  : num  NA -0.00108 0.00108 0.00108 0 ...
#>  $ gwage   : num  NA 0 0 0.00858 0.00426 ...
#>  $ gwage_1 : num  NA NA 0 0 0.00858 ...
#>  $ gwage_2 : num  NA NA NA 0 0 ...
#>  $ gwage_3 : num  NA NA NA NA 0 ...
#>  $ gwage_4 : num  NA NA NA NA NA ...
#>  $ gwage_5 : num  NA NA NA NA NA ...
#>  $ gwage_6 : num  NA NA NA NA NA ...
#>  $ gwage_7 : num  NA NA NA NA NA NA NA NA 0 0 ...
#>  $ gwage_8 : num  NA NA NA NA NA NA NA NA NA 0 ...
#>  $ gwage_9 : num  NA NA NA NA NA NA NA NA NA NA ...
#>  $ gwage_10: num  NA NA NA NA NA NA NA NA NA NA ...
#>  $ gwage_11: num  NA NA NA NA NA NA NA NA NA NA ...
#>  $ gwage_12: num  NA NA NA NA NA NA NA NA NA NA ...
#>  $ gprice_1: num  NA NA -0.00108 0.00108 0.00108 ...
#>  - attr(*, "time.stamp")= chr "25 Jun 2011 23:03"