EconPapers    
Economics at your fingertips  
 

ON-THE-JOB SEARCH, PRODUCTIVITY SHOCKS, AND THE INDIVIDUAL EARNINGS PROCESS

Fabien Postel-Vinay () and Hélène Turon ()

International Economic Review, 2010, vol. 51, issue 3, 599-629

Abstract: Individual labor earnings observed in worker panel data have complex, highly persistent dynamics. We investigate the capacity of a structural job search model with on-the-job search, wage renegotiation by mutual consent, and i.i.d. productivity shocks to replicate salient properties of these dynamics, such as the covariance structure of earnings, the evolution of individual earnings mean, and variance with the duration of uninterrupted employment, or the distribution of year-to-year earnings changes. Structural estimation of our model on a 12-year panel of highly educated British workers shows that our simple framework produces a dynamic earnings structure that is remarkably consistent with the data. Copyright (2010) by the Economics Department of the University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association.

Date: 2010
References: Add references at CitEc
Citations: View citations in EconPapers (41) Track citations by RSS feed

Downloads: (external link)
http://www.blackwell-synergy.com/doi/abs/10.1111/j.1468-2354.2010.00594.x link to full text (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: On-the-job Search, Productivity Shocks, and the Individual Earnings Process (2006) Downloads
Working Paper: On-The-Job Search, Productivity Shocks and the Individual Earnings Process (2006) Downloads
Working Paper: On-the-Job Search, Productivity Shocks and the Individual Earnings Process (2006) Downloads
Working Paper: On-the-job Search, Productivity Shocks, and the Individual Earnings Process (2006)
Working Paper: On-the-job Search, Productivity Shocks, and the Individual Earnings Process (2005) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ier:iecrev:v:51:y:2010:i:3:p:599-629

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0020-6598

Access Statistics for this article

International Economic Review is currently edited by Harold L. Cole

More articles in International Economic Review from Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association 160 McNeil Building, 3718 Locust Walk, Philadelphia, PA 19104-6297. Contact information at EDIRC.
Bibliographic data for series maintained by Wiley-Blackwell Digital Licensing ().

 
Page updated 2019-08-31
Handle: RePEc:ier:iecrev:v:51:y:2010:i:3:p:599-629