| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w12262
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| 来源ID | Working Paper 12262
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| New Evidence on Real Wage Cyclicality within Employer-Employee Matches |
| Donggyun Shin; Gary Solon
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| 发表日期 | 2006-05-29
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| 出版年 | 2006
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| 语种 | 英语
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| 摘要 | In the most thorough study to date on wage cyclicality among job stayers, Devereux%u2019s (2001) analysis of men in the Panel Study of Income Dynamics produced two puzzling findings: (1) the real wages of salaried workers are noncyclical, and (2) wage cyclicality among hourly workers differs between two alternative wage measures. We examine these puzzles with additional evidence from other sources. Devereux%u2019s finding of noncyclical real wages among salaried job stayers is not replicated in the National Longitudinal Survey of Youth data. The NLSY data, however, do corroborate his finding of a discrepancy for hourly workers between the cyclicality of the two alternative wage measures. Evidence from the PSID Validation Study contradicts Devereux%u2019s conjecture that the discrepancy might be due to a procyclical bias from measurement error in average hourly earnings. Evidence from the Bureau of Labor Statistics establishment survey supports his hypothesis that overtime work accounts for part (but not all) of the discrepancy. We conclude that job stayers%u2019 real average hourly earnings are substantially procyclical and that an important portion of that procyclicality probably is due to compensation beyond base wages. |
| 主题 | Macroeconomics
; Business Cycles
; Labor Economics
; Labor Compensation
|
| URL | https://www.nber.org/papers/w12262
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/569916
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推荐引用方式
GB/T 7714 |
Donggyun Shin,Gary Solon. New Evidence on Real Wage Cyclicality within Employer-Employee Matches. 2006.
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文件名：
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w12262.pdf
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格式：
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Adobe PDF
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