Job ladders and growth in earnings, hours, and wages

Joyce K. Hahn, Henry Hyatt and Hubert Janicki

European Economic Review, 2021, vol. 133, issue C

Abstract: We use U.S. matched employer-employee data to study the evolution of earnings, hours, and wages. We distinguish “stayers” who remain with the same employer from workers who transition. Hires from nonemployment receive relatively low pay, and therefore lessen average earnings and wages. This negative effect of entrants from nonemployment is offset by growth from stayers, employer-to-employer transitions, and other separations from low-paying jobs. Stayers drive aggregate changes in earnings and wages.

Keywords: Job ladder; Business cycles; Real wage stagnation (search for similar items in EconPapers)
JEL-codes: E24 E32 J31 J63 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (17)

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Related works:
Working Paper: Job Ladders and Growth in Earnings, Hours, and Wages (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:eecrev:v:133:y:2021:i:c:s0014292121000076

DOI: 10.1016/j.euroecorev.2021.103654

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