The U.S. Job Ladder in the New Millennium

Nellie Zhao, Henry Hyatt and Isabel Cairo
Additional contact information
Nellie Zhao: Cornell University

No 893, 2015 Meeting Papers from Society for Economic Dynamics

Abstract: The U.S. labor market after the year 2000 has many notable differences from previous decades. First, the rate of growth in high-paying jobs seen in the 1980s and 1990s has not been realized, with job growth occurring disproportionately in low-paying jobs. Second, the rate at which workers switch employers fell after the year 2000, and only experienced a modest increase before plummeting again in the labor market downturn associated with the ``Great Recession'' of 2007-2009. Third, the employment-to-population ratio has declined from its peak in the year 2000 and, since the most recent recession, stayed at levels not see in the last thirty years. In this paper, after descriptive analysis of these patterns in the U.S. labor market, we explore how changes in labor demand may account for these declines in a model of the labor market with on-the-job search.

Date: 2015
References: Add references at CitEc
Citations: View citations in EconPapers (4)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
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:red:sed015:893

Access Statistics for this paper

More papers in 2015 Meeting Papers from Society for Economic Dynamics Society for Economic Dynamics Marina Azzimonti Department of Economics Stonybrook University 10 Nicolls Road Stonybrook NY 11790 USA. Contact information at EDIRC.
Bibliographic data for series maintained by Christian Zimmermann ().