Johnson, Matthew; Keane, Michael P. - In: Journal of Labor Economics 31 (2013) 1, pp. 1-1
We develop an equilibrium model of the US labor market, fit to Panel Study of Income Dynamics data from 1968–96. Our main innovation is a finer differentiation of types of labor than in prior work (i.e., by occupation, education, gender, and age). This lets us fit wage and employment patterns...