Name File Type Size Last Modified
  V2 02/01/2022 02:45:PM

Project Citation: 

Massenkoff, Maxim, and Wilmers, Nathan. Data and code for: Wage Stagnation and the Decline of Standardized Pay Rates. Nashville, TN: American Economic Association [publisher], 2022. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2022-12-08.

Project Description

Summary:  View help for Summary We use new establishment-by-occupation microdata to show that the wage stagnation of the 1970s and 80s was linked to a decline in standardized pay. Increasingly, wages for blue-collar workers were not fixed by job title or seniority, but instead subject to managerial discretion. From 1974 to 1991, employers nearly doubled their use of discretionary pay-setting. Panel regressions show that wages fell under the new pay-setting approach, particularly for the lowest-paid workers in a job and for those in establishments that previously paid above market rates. In an era of declining worker bargaining power, increasing employer discretion over pay-setting facilitated wage stagnation.

Scope of Project

Subject Terms:  View help for Subject Terms wages and salaries
JEL Classification:  View help for JEL Classification
      J31 Wage Level and Structure; Wage Differentials
      J33 Compensation Packages; Payment Methods

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