Kolko: "Unpacking the Jump In Median Household Income"

From Jed Kolko, chief economist at Indeed , formerly chief economist at Trulia. Last week the Census reported large gains in median household income in two different surveys: 5.2% from the Current Population Survey's March 2016 Annual Social and Economic Supplement (ASEC), and 3.8% from the 2015 American Community Survey (ACS). But these are slippery measures, and several thoughtful responses ( here , here , and here ) catalogued numerous cautions, including the limitations of these self-reported Census survey data relative to administrative data. A particularly important concern when......(read more)

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