On the basis of those respondents in the National Longitudinal Survey of Youth (NLSY) who change jobs with an intervening period of education reinvestment, the conventional assumption of linearity of log wages in years of schooling is strongly rejected: a typical reinvestment for the 1980...

On the basis of the Korea Labor & Income Panel Study data over the period 1997 to 2008, this paper finds that real wages are strongly procyclical. For the same period, government-published aggregate real wages also show substantial procyclicality. Overall, measured real wage procyclicality in...

Evidence on recent trends in men’s earnings volatility from the Panel Study of Income Dynamics (PSID) has been found to be at odds with evidence from some other sources. This study adds evidence from the National Longitudinal Survey of Youth, which turns out to be more consistent with the PSID.