Code for "Nominal Wage Adjustments During the Pandemic Recession"

Principal Investigator(s):  View help for Principal Investigator(s) John Grigsby, Northwestern University; Erik Hurst, University of Chicago Booth School of Business; Ahu Yildirmaz, ADP, LLC; Yulia Zhestkova, University of Chicago

Version:  View help for Version V1

Name File Type Size Last Modified
Figure1_2.do text/plain 7.1 KB 04/29/2021 11:50:AM
Figure3.do text/plain 5 KB 04/29/2021 12:25:PM
README.pdf application/pdf 126.4 KB 04/29/2021 01:12:PM

Project Citation: 

Grigsby, John, Hurst, Erik, Yildirmaz, Ahu, and Zhestkova, Yulia. Code for “Nominal Wage Adjustments During the Pandemic Recession.” Nashville, TN: American Economic Association [publisher], 2021. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2021-05-05. https://doi.org/10.3886/E139304V1

Project Description

Summary:  View help for Summary This repository contains the code required to produce the plots in "Nominal Wage Adjustments During the Pandemic Recession." The underlying microdata from which the plots are derived are confidential anonymized payroll records from ADP, LLC. These confidential data are not shared in this repository. The paper's abstract is
"In this paper we show that the Pandemic Recession has led to frequent cuts in nominal wages. Within three months in 2020, as many wage cuts had occurred as occurred throughout the Great Recession. Unlike employment declines, wage cuts were concentrated at the top of the wage distribution. However, these cuts have been relatively short-lived, particularly among high-earners. Finally, wage cuts have been concentrated in firms which have seen large employment declines. Wage cuts appear to not be a substitute for cutting employment, at least when the shock to labor demand is this large."

Scope of Project

Subject Terms:  View help for Subject Terms wages and salaries; COVID; labor economics
JEL Classification:  View help for JEL Classification
      E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
      J30 Wages, Compensation, and Labor Costs: General
Geographic Coverage:  View help for Geographic Coverage United States
Time Period(s):  View help for Time Period(s) 2/1/2020 – 11/1/2020


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V1 [2021-05-05]

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