What Do Data on Millions of U.S. Workers Say About Labor Income Risk?
The first part of this paper estimates a set of stochastic processes with increasing generality to capture these salient features of earnings dynamics to provide a reliable "user's guide" for applied economists. In the second part, we examine if these documented features can be explained in a standard job ladder model with learning about match quality and depreciation of skills during unemployment.
Year of publication: |
2013
|
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Authors: | Ozkan, Serdar ; Song, Jae ; Karahan, Fatih ; Guvenen, Fatih |
Institutions: | Society for Economic Dynamics - SED |
Saved in:
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