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There is a large literature on earnings and income volatility in labor economics, household finance, and macroeconomics …. One strand of that literature has studied whether individual earnings volatility has risen or fallen in the U.S. over the …. Using common specifications, measures of volatility, and other treatments of the data, the papers show almost uniformly a …
Persistent link: https://www.econbiz.de/10012481212
volatility across a number of survey and administrative datasets, we conduct a new investigation of trends in male earnings … volatility from the 1980s to 2014 using data from the Survey of Income and Program Participation (SIPP) survey and the SIPP Gold … Standard File (SIPP GSF), which links the SIPP survey to administrative data on earnings. We find that the level of volatility …
Persistent link: https://www.econbiz.de/10012481220
The possible existence of trends in volatility in the U.S. labor market has been an important issue in both labor … in earnings volatility at the individual level. Studies using the PSID have generally shown upward trends in volatility … estimates across different data sets, presents new estimates of trends in male earnings volatility in the U.S. from 1970 to 2016 …
Persistent link: https://www.econbiz.de/10012481222
We study the effects of the unionization of faculty at Canadian universities from 1970-2022 using an event-study design. Using administrative data which covers the full universe of faculty salaries, we find strong evidence that unionization leads to both average salary gains and compression of...
Persistent link: https://www.econbiz.de/10014512131
Labor market tightness following the height of the Covid-19 pandemic led to an unexpected compression in the US wage distribution that reflects, in part, an increase in labor market competition. Rapid relative wage growth at the bottom of the distribution reduced the college wage premium and...
Persistent link: https://www.econbiz.de/10014247930
Performance pay in general amounts to only a small fraction of total pay. In this paper, we show that performance pay is nevertheless important for the level and dynamics of wages over the life cycle because of the incentives it indirectly provides for human capital acquisition and because of...
Persistent link: https://www.econbiz.de/10013334409
We document systematic differences in wage and earnings inequality between and within occupations and show that these differences are intimately related to systematic differences in labor supply across occupations. We then develop a variant of a Roy model in which earnings are a non-linear...
Persistent link: https://www.econbiz.de/10014372422
We study a novel dataset compiled from archival records, which includes information on men's wages, union status, educational attainment, work history, and other background variables for several cities circa 1950. Such data are extremely rare for the early post-war period when U.S. unions were...
Persistent link: https://www.econbiz.de/10012455166
Ways of leaving the labor force has been an understudied aspect of labor market outcomes. Labor market institutions such as occupational licensing may influence how individuals transition to retirement. When and how workers transition from career jobs to full retirement may contribute to pre-...
Persistent link: https://www.econbiz.de/10014512146
Over the last several decades, rising pay dispersion between firms accounts for the majority of the dramatic increase in earnings inequality in the United States. This paper shows that a distinct cross-cohort pattern drives this rise: newer cohorts of firms enter more dispersed and stay more...
Persistent link: https://www.econbiz.de/10014226174