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来源类型Working Paper
规范类型报告
DOI10.3386/w23102
来源IDWorking Paper 23102
Firm Performance and the Volatility of Worker Earnings
Chinhui Juhn; Kristin McCue; Holly Monti; Brooks Pierce
发表日期2017-01-30
出版年2017
语种英语
摘要Using linked employer-employee data for the U.S., we examine whether shocks to firm revenues are transmitted to the earnings of continuing employees. While full insurance is rejected, the elasticity of worker earnings with respect to persistent shocks in firm revenues is small and consistent with the notion that firms insulate workers from idiosyncratic shocks. Exploring heterogeneity of effects, we find the largest elasticity in professional services, among employees in the top 5% of their employers’ earnings distribution, suggesting that in certain jobs performance pay may be a countervailing force to wage insurance.
主题Labor Economics ; Labor Compensation
URLhttps://www.nber.org/papers/w23102
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/580776
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GB/T 7714
Chinhui Juhn,Kristin McCue,Holly Monti,et al. Firm Performance and the Volatility of Worker Earnings. 2017.
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