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  Replication 10/12/2019 11:56:AM
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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.

Project Description

Summary:  View help for Summary 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:  View help for JEL Classification
      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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