Really cool read. As a non-economist, I often wonder how much of the simplified view of the economy I walk around with in my head is actually shaped by dynamics that hide in statistical aggregates, whether it's composition effects (average wages fell! oh wait, it was because some high earners retired) or data that is not sampled at a granular enough level to understand the whole story (such as this paper).
Really cool read. As a non-economist, I often wonder how much of the simplified view of the economy I walk around with in my head is actually shaped by dynamics that hide in statistical aggregates, whether it's composition effects (average wages fell! oh wait, it was because some high earners retired) or data that is not sampled at a granular enough level to understand the whole story (such as this paper).
Is there anything like this analysis for the US?