Table V.B1.--Principal Economic Assumptions
Calendar Years 2003-80
Low Cost Assumptions

Average annual percentage increase in--

Calendar year Productivity
(Total U.S.
economy)		 Earnings as
a percent of
compensation		 Average
hours
worked		 GDP
price
index		 Average
annual wage in
covered employment		 Consumer
Price
Index 2		 Real-wage
differential 1
2003 2.4 0.0 -0.1 1.4 4.4 2.2 2.3
2004 2.4 -.1 .0 1.4 4.2 2.0 2.2
2005 2.2 .0 .0 1.5 3.9 2.0 1.9
2006 2.1 .0 .0 1.6 3.7 2.0 1.7
2007 2.1 .0 .1 1.6 3.8 2.0 1.8
2008 2.0 -.1 .1 1.6 3.7 2.0 1.7
2009 2.0 -.1 .1 1.7 3.7 2.0 1.7
2010 1.9 -.1 .1 1.7 3.7 2.0 1.7
2011 1.9 -.1 .1 1.7 3.7 2.0 1.7
2012 1.9 -.1 .1 1.7 3.6 2.0 1.6
2013 1.9 -.1 .1 1.7 3.7 2.0 1.7
2014 1.9 -.1 .1 1.7 3.6 2.0 1.6
2015 1.9 -.1 .1 1.7 3.6 2.0 1.6
2016 1.9 -.1 .1 1.7 3.6 2.0 1.6
2017 1.9 -.1 .1 1.7 3.5 2.0 1.5
2018 1.9 -.1 .1 1.7 3.6 2.0 1.6
2019 1.9 -.1 .1 1.7 3.6 2.0 1.6
2020 1.9 -.1 .1 1.7 3.6 2.0 1.6
2021 1.9 -.1 .1 1.7 3.6 2.0 1.6
2022 1.9 -.1 .1 1.7 3.6 2.0 1.6
2023 1.9 -.1 .1 1.7 3.6 2.0 1.6
2024 1.9 -.1 .1 1.7 3.6 2.0 1.6
2025 1.9 -.1 .1 1.7 3.6 2.0 1.6
2026 1.9 -.1 .1 1.7 3.6 2.0 1.6
2027 1.9 -.1 .1 1.7 3.6 2.0 1.6
2028 1.9 -.1 .1 1.7 3.6 2.0 1.6
2029 1.9 -.1 .1 1.7 3.6 2.0 1.6
2030 1.9 -.1 .1 1.7 3.6 2.0 1.6
2031 1.9 -.1 .1 1.7 3.6 2.0 1.6
2032 1.9 -.1 .1 1.7 3.6 2.0 1.6
2033 1.9 -.1 .1 1.7 3.6 2.0 1.6
2034 1.9 -.1 .1 1.7 3.6 2.0 1.6
2035 1.9 -.1 .1 1.7 3.6 2.0 1.6
2036 1.9 -.1 .1 1.7 3.6 2.0 1.6
2037 1.9 -.1 .1 1.7 3.6 2.0 1.6
2038 1.9 -.1 .1 1.7 3.6 2.0 1.6
2039 1.9 -.1 .1 1.7 3.6 2.0 1.6
2040 1.9 -.1 .1 1.7 3.6 2.0 1.6
2041 1.9 -.1 .1 1.7 3.6 2.0 1.6
2042 1.9 -.1 .1 1.7 3.6 2.0 1.6
2043 1.9 -.1 .1 1.7 3.6 2.0 1.6
2044 1.9 -.1 .1 1.7 3.6 2.0 1.6
2045 1.9 -.1 .1 1.7 3.6 2.0 1.6
2046 1.9 -.1 .1 1.7 3.6 2.0 1.6
2047 1.9 -.1 .1 1.7 3.6 2.0 1.6
2048 1.9 -.1 .1 1.7 3.6 2.0 1.6
2049 1.9 -.1 .1 1.7 3.6 2.0 1.6
2050 1.9 -.1 .1 1.7 3.6 2.0 1.6
2051 1.9 -.1 .1 1.7 3.6 2.0 1.6
2052 1.9 -.1 .1 1.7 3.6 2.0 1.6
2053 1.9 -.1 .1 1.7 3.6 2.0 1.6
2054 1.9 -.1 .1 1.7 3.6 2.0 1.6
2055 1.9 -.1 .1 1.7 3.6 2.0 1.6
2056 1.9 -.1 .1 1.7 3.6 2.0 1.6
2057 1.9 -.1 .1 1.7 3.6 2.0 1.6
2058 1.9 -.1 .1 1.7 3.6 2.0 1.6
2059 1.9 -.1 .1 1.7 3.6 2.0 1.6
2060 1.9 -.1 .1 1.7 3.6 2.0 1.6
2061 1.9 -.1 .1 1.7 3.6 2.0 1.6
2062 1.9 -.1 .1 1.7 3.6 2.0 1.6
2063 1.9 -.1 .1 1.7 3.6 2.0 1.6
2064 1.9 -.1 .1 1.7 3.6 2.0 1.6
2065 1.9 -.1 .1 1.7 3.6 2.0 1.6
2066 1.9 -.1 .1 1.7 3.6 2.0 1.6
2067 1.9 -.1 .1 1.7 3.6 2.0 1.6
2068 1.9 -.1 .1 1.7 3.6 2.0 1.6
2069 1.9 -.1 .1 1.7 3.6 2.0 1.6
2070 1.9 -.1 .1 1.7 3.6 2.0 1.6
2071 1.9 -.1 .1 1.7 3.6 2.0 1.6
2072 1.9 -.1 .1 1.7 3.6 2.0 1.6
2073 1.9 -.1 .1 1.7 3.6 2.0 1.6
2074 1.9 -.1 .1 1.7 3.6 2.0 1.6
2075 1.9 -.1 .1 1.7 3.6 2.0 1.6
2076 1.9 -.1 .1 1.7 3.6 2.0 1.6
2077 1.9 -.1 .1 1.7 3.6 2.0 1.6
2078 1.9 -.1 .1 1.7 3.6 2.0 1.6
2079 1.9 -.1 .1 1.7 3.6 2.0 1.6
2080 1.9 -.1 .1 1.7 3.6 2.0 1.6
1 The real-wage differential is the difference between the percentage increases, before rounding, in the average annual wage in covered employment, and the average annual Consumer Price Index.
2 The Consumer Price Index is the annual average value for the calendar year of the Consumer Price index for Urban Wage Earners and Clerical Workers(CPI-W).
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