| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w14743 |
| 来源ID | Working Paper 14743 |
| Modeling Earnings Dynamics | |
| Joseph G. Altonji; Anthony Smith; Ivan Vidangos | |
| 发表日期 | 2009-02-19 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | In this paper we use indirect inference to estimate a joint model of earnings, employment, job changes, wage rates, and work hours over a career. Our model incorporates duration dependence in several variables, multiple sources of unobserved heterogeneity, job-specific error components in both wages and hours, and measurement error. We use the model to address a number of important questions in labor economics, including the source of the experience profile of wages, the response of job changes to outside wage offers, and the effects of seniority on job changes. We provide estimates of the dynamic response of wage rates, hours, and earnings to various shocks and measure the relative contributions of the shocks to the variance of earnings in a given year and over a lifetime. We find that human capital accounts for most of the growth of earnings over a career although job seniority and job mobility also play significant roles. Unemployment shocks have a large impact on earnings in the short run as well a substantial long long-term effect that operates through the wage rate. Shocks associated with job changes and unemployment make a large contribution to the variance of career earnings and operate mostly through the job-specific error components in wages and hours. |
| 主题 | Microeconomics ; Market Structure and Distribution ; Macroeconomics ; Consumption and Investment ; Labor Economics ; Labor Compensation |
| URL | https://www.nber.org/papers/w14743 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/572419 |
| 推荐引用方式 GB/T 7714 | Joseph G. Altonji,Anthony Smith,Ivan Vidangos. Modeling Earnings Dynamics. 2009. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w14743.pdf（1085KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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