set more 1 /* File: cepr_org_realwage.do Date: Feb 10, 2009 Jan 4, 2010 Feb 22, 2011 CEPR ORG Version 1.6 Desc: Converts nominal to real wages using the CPI-U-RS */ capture program drop realw program define realw version 7.0 * create real wage variable for analysis * convert to $2009 using CPI-U-RS * (see BLS CPI-U-RS table at http://www.bls.gov/cpi/cpirsdc.htm) local basecpi=320.2*(218.056/214.537) /* use average CPI 2010/2009 to update */ local wage "`1'" gen t`wage'=. replace t`wage'=`wage'/(114.4/`basecpi') if year==1979 replace t`wage'=`wage'/(127.1/`basecpi') if year==1980 replace t`wage'=`wage'/(139.2/`basecpi') if year==1981 replace t`wage'=`wage'/(147.6/`basecpi') if year==1982 replace t`wage'=`wage'/(153.9/`basecpi') if year==1983 replace t`wage'=`wage'/(160.2/`basecpi') if year==1984 replace t`wage'=`wage'/(165.7/`basecpi') if year==1985 replace t`wage'=`wage'/(168.7/`basecpi') if year==1986 replace t`wage'=`wage'/(174.4/`basecpi') if year==1987 replace t`wage'=`wage'/(180.8/`basecpi') if year==1988 replace t`wage'=`wage'/(188.6/`basecpi') if year==1989 replace t`wage'=`wage'/(198.0/`basecpi') if year==1990 replace t`wage'=`wage'/(205.1/`basecpi') if year==1991 replace t`wage'=`wage'/(210.3/`basecpi') if year==1992 replace t`wage'=`wage'/(215.5/`basecpi') if year==1993 replace t`wage'=`wage'/(220.1/`basecpi') if year==1994 replace t`wage'=`wage'/(225.4/`basecpi') if year==1995 replace t`wage'=`wage'/(231.4/`basecpi') if year==1996 replace t`wage'=`wage'/(236.4/`basecpi') if year==1997 replace t`wage'=`wage'/(239.7/`basecpi') if year==1998 replace t`wage'=`wage'/(244.7/`basecpi') if year==1999 replace t`wage'=`wage'/(252.9/`basecpi') if year==2000 replace t`wage'=`wage'/(260.0/`basecpi') if year==2001 replace t`wage'=`wage'/(264.2/`basecpi') if year==2002 replace t`wage'=`wage'/(270.1/`basecpi') if year==2003 replace t`wage'=`wage'/(277.4/`basecpi') if year==2004 replace t`wage'=`wage'/(286.7/`basecpi') if year==2005 replace t`wage'=`wage'/(296.1/`basecpi') if year==2006 replace t`wage'=`wage'/(304.5/`basecpi') if year==2007 replace t`wage'=`wage'/(316.2/`basecpi') if year==2008 replace t`wage'=`wage'/(315.0/`basecpi') if year==2009 replace t`wage'=`wage'/(320.2/`basecpi') if year==2010 replace t`wage'=`wage'/((320.2*1.032)/`basecpi') if year==2011 * * Note: The CPI-U-RS for 2011 is estimated using the * ratio of average of the first 11 months of 2011 to * the average of the first 11 months of 2010. * * CEPR CPS ORG preferred wage variable "trims" wage observations * below $1 and above $200 in 1989 constant dollars * For 2009, we use change in 11 month (1-11) average CPI * global dol_1=1/(188.6/`basecpi') global dol_200=200/(188.6/`basecpi') * end