Replication data for: A Quantitative Theory of Information, Worker Flows, and Wage Dispersion
Principal Investigator(s): View help for Principal Investigator(s) Amanda M. Michaud
Version: View help for Version V1
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MAC2016-0136_data | 10/12/2019 08:12:PM | ||
LICENSE.txt | text/plain | 14.6 KB | 10/12/2019 04:12:PM |
Project Citation:
Michaud, Amanda M. Replication data for: A Quantitative Theory of Information, Worker Flows, and Wage Dispersion. Nashville, TN: American Economic Association [publisher], 2018. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E114138V1
Project Description
Summary:
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Employer learning provides a link between wage and employment dynamics. Workers who are selectively terminated when their low productivity is revealed subsequently earn lower wages. If learning is asymmetric across employers, randomly separated high-productivity workers are treated similarly when hired from unemployment, but recover as their next employer learns their type. I provide empirical evidence supporting this link, then study whether employer learning is an empirically important factor in wage and employment dynamics. In a calibrated structural model, learning accounts for 78 percent of wage losses after unemployment, 24 percent of life-cycle wage growth, and 13 percent of cross-sectional dispersion observed in data.
Scope of Project
JEL Classification:
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D83 Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
J23 Labor Demand
J24 Human Capital; Skills; Occupational Choice; Labor Productivity
J31 Wage Level and Structure; Wage Differentials
J62 Job, Occupational, and Intergenerational Mobility; Promotion
D83 Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
J23 Labor Demand
J24 Human Capital; Skills; Occupational Choice; Labor Productivity
J31 Wage Level and Structure; Wage Differentials
J62 Job, Occupational, and Intergenerational Mobility; Promotion
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