Second, there is the problem of sizable observation errors with the aggregate asset price, as compared with the CPI or the GDP deflator, in addition to the two-year delay in the availability of data.
3  The weak development of wages in recent months can be attributed to the retirement of the first baby boomers, who number about 8 million and who are being replaced by young workers or reemployed as parttime workers, public sector wage cuts introduced to consolidate the budget balance, and the restructuring at smaller non-manufacturing firms with low productivity.