Wage Index

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Wage Index

In the United States, a table one uses to calculate how much to pay a retired person in Social Security benefits. Factors affecting a wage index include the number of years a person worked and his/her average wage or salary during his/her working life.
References in periodicals archive ?
Wage indices for metropolitan statistical and non-urban areas were obtained from CMS hospital wage index file and used to adjust for local price levels.
Because the rates fully transition from the old Metropolitan Statistical Area (MSA) wage indices to the new Core-Based Statistical Area (CBSA) wage indices, which supposedly better reflect local labor costs.
The government's reason for the change is that it claims CBSA wage indices are a more accurate calculation tool for labor costs.
a transition to new wage indices for the majority of providers
22) To illustrate how the same state may offer relatively different opportunities to different types of workers, consider the log wage indices for New York and California.
The correlations between the 1960 and the 1980 log wage indices range from 0.
8% market basket increase went into effect along with new Core Based Statistical Area ("CBSA") area designations and wage indices.