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Using linked employer-employee data for the U.S., we examine whether shocks to firm revenues are transmitted to the earnings of continuing employees. While full insurance is rejected, the elasticity of worker earnings with respect to persistent shocks in firm revenues is small and consistent...
Persistent link: https://www.econbiz.de/10012455579
the period for both wages and earnings, and that mobility is declining over time. Hence, this paper suggests that while …
Persistent link: https://www.econbiz.de/10012473407
The entry of married women into the labor force and the rise in women's relative wages are amongst the most notable … discontinued growth in female labor supply and wages since the 1990s is a consequence of growing inequality. Our hypothesis is that … their participation and wages. We show that the slowdown in participation and wage growth was concentrated among women …
Persistent link: https://www.econbiz.de/10012814450
This paper investigates three hypotheses to account for the observed shifts in U.S. relative wages of less educated … inequality among these groups but it could have contributed to the decline in wages for the least educated. Instead, support is …
Persistent link: https://www.econbiz.de/10012472890
cross-sectional data sources to construct synthetic panel data on consumption, labor supply and wages. We find that low …-frequency movements in the cohort-education structure of pre-tax hourly wages drove large changes in the distribution of household …
Persistent link: https://www.econbiz.de/10012474148
concentrated industries. We develop a simple model in which the impact of foreign competition on the relative wages of an economy … automobiles is much more deleterious to the wages of the less educated than import competition in an industry such as apparel. We … then test our hypothesis using a panel data set on relative wages across SMSAs. We reinterpret our model as a model of …
Persistent link: https://www.econbiz.de/10012474384
Recent studies have documented the growth of earnings inequality in the United States during the 1980s. In contrast to these studies' findings, our analysis of micro data for the former West Germany yields virtually no evidence of growth in earnings inequality over the same period. Between 1978...
Persistent link: https://www.econbiz.de/10012474401
We take advantage of our longitudinal data to explore individual variation in the parameters of individual earnings functions. (1) For this purpose we fit an earnings function to each of the individual histories in the sample.(2) We then try to ascertain the extent to which the estimated...
Persistent link: https://www.econbiz.de/10012478986
The traditional studies of income distribution, a field with which economists are becoming increasingly concerned, must be described as basically sociological. The ascendancy of the human capital approach can be viewed as a reaction of economists to this non-economic, though certainly not...
Persistent link: https://www.econbiz.de/10012479073
The Mincer earnings function is the cornerstone of a large literature in empirical economics. This paper discusses the theoretical foundations of the Mincer model and examines the empirical support for it using data from Decennial Censuses and Current Population Surveys. While data from 1940 and...
Persistent link: https://www.econbiz.de/10012468966