Replication data for: Do Job-to-Job Transitions Drive Wage Fluctuations over the Business Cycle?
Principal Investigator(s): View help for Principal Investigator(s) Fatih Karahan; Ryan Michaels; Benjamin Pugsley; Ayşegül Şahin; Rachel Schuh
Version: View help for Version V1
| Name | File Type | Size | Last Modified |
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| Replication | 10/12/2019 11:56:AM | ||
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text/plain | 14.6 KB | 10/12/2019 07:56:AM |
Project Citation:
Karahan, Fatih, Michaels, Ryan, Pugsley, Benjamin, Sahin, Aysegül, and Schuh, Rachel. Replication data for: Do Job-to-Job Transitions Drive Wage Fluctuations over the Business Cycle? Nashville, TN: American Economic Association [publisher], 2017. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113515V1
Project Description
Summary:
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We investigate the importance of job-to-job (JJ) transitions for cyclical wage dynamics. By exploiting cross-state variation, we find that wage growth is tightly linked to variation in the JJ transition probability, and conditional on this, the job finding probability of the unemployed has no explanatory power. We investigate the robustness of our results to several caveats and find the result to hold. Finally, we discuss the implications of our findings for competing theories of wage dynamics.
Scope of Project
JEL Classification:
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E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
E32 Business Fluctuations; Cycles
J31 Wage Level and Structure; Wage Differentials
J64 Unemployment: Models, Duration, Incidence, and Job Search
E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
E32 Business Fluctuations; Cycles
J31 Wage Level and Structure; Wage Differentials
J64 Unemployment: Models, Duration, Incidence, and Job Search
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