Replication data for: The Relative Power of Employment-to-Employment Reallocation and Unemployment Exits in Predicting Wage Growth

Principal Investigator(s): View help for Principal Investigator(s) Giuseppe Moscarini; Fabien Postel-Vinay

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Project Citation:

Moscarini, Giuseppe, and Postel-Vinay, Fabien. Replication data for: The Relative Power of Employment-to-Employment Reallocation and Unemployment Exits in Predicting Wage Growth. 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/E113517V1

Project Description

Summary: We study the cyclical comovement nominal wage growth (either monthly earnings or hourly wage rate) and labor market flows. We use microdata from the Survey of Income and Program Participation over 1996-2013 to purge composition effects in worker and job characteristics and to isolate the reallocative effect of Employer-to-Employer (EE) transitions. We find an "EE wage Phillips curve": wage inflation comoves positively with EE as strongly as with the employment rate. This correlation holds for job stayers; we interpret the EE rate as a measure of labor demand. We find no analogous evidence for the job-finding rate from unemployment.

Scope of Project

JEL Classification:
      E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
      E32 Business Fluctuations; Cycles
      J23 Labor Demand
      J31 Wage Level and Structure; Wage Differentials
      J64 Unemployment: Models, Duration, Incidence, and Job Search

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Published Versions

V1 [2019-10-12]

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