One option for the bd CPS is to stop using the real wage series, which now total 4, and include a variable called PRICEADJ or similar that is the regional CPI value for each observation. Multiplying a nominal wage series by the variable would create the real wage series that I have now.
One option for the bd CPS is to stop using the real wage series, which now total 4, and include a variable called PRICEADJ or similar that is the regional CPI value for each observation. Multiplying a nominal wage series by the variable would create the real wage series that I have now.