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The New York Innovation Center bridges the worlds of finance, technology, and innovation and generates insights into high-value central bank-related opportunities.
The growing role of nonbank financial institutions, or NBFIs, in U.S. financial markets is a transformational trend with implications for monetary policy and financial stability.
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| March 1996 Number 9604 |
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Author: Erica L. Groshen This paper reviews the uses of U.S. employer salary surveys for labor market research. Recent computational, theoretical, and econometric advances render these surveys ripe for exploitation. It summarizes theories of employer wage effects and then describes salary surveys and their preparation for analysis. Then, the surveys and the methodological issues they raise are contrasted with household data. Finally, the paper summarizes the techniques used and contributions made in some salary survey-based studies. |
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37 pages / 1,590 kb
