| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w26653 |
| 来源ID | Working Paper 26653 |
| Do Firm Effects Drift? Evidence from Washington Administrative Data | |
| Marta Lachowska; Alexandre Mas; Raffaele D. Saggio; Stephen A. Woodbury | |
| 发表日期 | 2020-01-13 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We study the time-series properties of firm effects in the two-way fixed effects model popularized by Abowd, Kramarz, and Margolis (1999) (AKM) using two approaches. The first—the rolling AKM approach (R-AKM)—estimates AKM models separately for successive two-year intervals. The second—the time-varying AKM approach (TV-AKM)—is an extension of the original AKM model that allows for unrestricted interactions of year and firm indicators. We apply to both approaches the leave-out methodology of Kline, Saggio and Sølvsten (2020) to correct for biases in the estimated variance components. Using administrative wage records from Washington State, we find, first, that firm effects for hourly wage rates are highly persistent with an autocorrelation coefficient between firm effects in 2002 and 2014 of 0.74. Second, the R-AKM approach reveals cyclicality in firm effects and worker-firm sorting. During the Great Recession the variability in firm effects increased, while the degree of worker-firm sorting decreased. Third, misspecification of standard AKM models resulting from restricting firm effects to be fixed over time appears to be minimal. |
| 主题 | Labor Economics ; Labor Compensation |
| URL | https://www.nber.org/papers/w26653 |
| 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/584326 |
| 推荐引用方式 GB/T 7714 | Marta Lachowska,Alexandre Mas,Raffaele D. Saggio,et al. Do Firm Effects Drift? Evidence from Washington Administrative Data. 2020. |
| 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 | ||
| w26653.pdf（880KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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