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The nature of household labor income risk

Pruitt, Seth; Turner, Nicholas - 2018

What is the nature of labor income risk facing households? We answer this question using detailed administrative data on household earnings from the U.S. Internal Revenue Service. By analyzing total household labor earnings as well as each member's earnings, we offer several new findings. One,...

Persistent link: https://www.econbiz.de/10011932201

The cyclical behavior of unemployment and wages under information frictions

Morales-Jimenez, Camilo - 2017

higher wages. This increases firms' incentives to post more vacancies, which makes unemployment volatile and sensitive to … aggregate shocks. The model is robust to two major criticisms of existing theories of sluggish wages and volatile unemployment … explains 70% of unemployment volatility …

Persistent link: https://www.econbiz.de/10011709249

What can wages and employment tell us about the UK's productivity puzzle?

Blundell, Richard W.; Crawford, Claire; Jin, Wenchao - 2013

This paper uses individual data on employment and wages to shed light on the UK's productivity puzzle. It finds that workforce composition cannot explain the reduction in wages and hence productivity that we observe; instead, real wages have fallen significantly within jobs. Why? One possibility...

Persistent link: https://www.econbiz.de/10009752196

Two decades of income inequality in Britain : the role of wages, household earnings and redistribution

Belfield, Chris; Blundell, Richard W.; Cribb, Jonathan; … - 2017

We study earnings and income inequality in Britain over the past two decades, including the period of relatively "inclusive" growth from 1997-2004 and the Great Recession. We focus on the middle 90%, where trends have contrasted strongly with the "new inequality" at the very top. Household...

Persistent link: https://www.econbiz.de/10011583577

Sources of displaced workers' long-term earnings losses

Lachowska, Marta; Mas, Alexandre; Woodbury, Stephen A. - 2017

panel data from Washington State assembled from 2002-2014 administrative wage and unemployment insurance (UI) records. Three …

Persistent link: https://www.econbiz.de/10011790552

The long-term labor market effects of parental unemployment

Schmidpeter, Bernhard - 2020

I investigate the impact of parental unemployment on children’s educational attainment and long-run labor market … outcomes in Austria. I find that parental unemployment shortly before an important educational decision by parents for their … results emphasize the intergenerational and long-lasting consequences of parental unemployment. …

Persistent link: https://www.econbiz.de/10012264111

The wage curve and the Phillips curve

Roberts, John M. - 1997

Persistent link: https://www.econbiz.de/10000651471

Wage insurance as a policy option in the United States

Wandner, Stephen A. - 2016

Wage insurance is a program that attempts to help permanently displaced workers transition to employment rapidly, effectively, and equitably. Because displaced workers have been found to suffer substantial earnings losses when they become reemployed, a wage insurance program provides a temporary...

Persistent link: https://www.econbiz.de/10011420663

Health shocks, human capital, and labor market outcomes

Parro, Francisco; Pohl, R. Vincent - 2018

Health, human capital, and labor market outcomes are linked though complex connections that are not fully understood. We explore these links by estimating a flexible yet tractable dynamic model of human capital accumulation in the presence of health shocks using administrative data from Chile....

Persistent link: https://www.econbiz.de/10011890108

Hysteresis via endogenous rigidity in wages and participation

Doniger, Cynthia L.; López-Salido, José David - 2017

Persistent link: https://www.econbiz.de/10011709246