We document and attempt to explain the recent decline in employment dynamics in the U.S. We have four major empirical findings. First, each measure exhibits a “stair step” pattern, with the declines concentrated in recessions and little increase during subsequent expansions. Second, changes...

As the structure of the economy has changed over the past few decades, researchers and policy makers have been increasingly concerned with how these changes affect workers. In this book, leading economists examine a variety of important trends in the new economy, including inequality of earnings...

Trends in compensation and job quality. What do we really know about changes in wage inequality? / Thomas Lemieux ; comment: Lawrence F. Katz -- Recent trends in compensation inequality / Brooks Pierce ; comment: Daniel S. Hamermesh -- Are the new jobs good jobs? / Katharine G. Abraham and James...

As the structure of the economy has changed over the past few decades, researchers and policy makers have been increasingly concerned with how these changes affect workers. In this book, leading economists examine a variety of important trends in the new economy, including inequality of earnings...