Job ladders and growth in earnings, hours, and wages

We use U.S. matched employer-employee data to study the evolution of earnings, hours, and wages. We distinguish “stayers” who remain with the same employer from workers who transition. Hires from nonemployment receive relatively low pay, and therefore lessen average earnings and wages. This negative...

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Bibliographic Details
Published in:European economic review 2021-04, Vol.133, p.103654, Article 103654
Main Authors: Hahn, Joyce  K., Hyatt, Henry  R., Janicki, Hubert  P.
Format: Article
Language:English
Subjects:
Business cycles
Job ladder
Real wage stagnation
Wages
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Summary:We use U.S. matched employer-employee data to study the evolution of earnings, hours, and wages. We distinguish “stayers” who remain with the same employer from workers who transition. Hires from nonemployment receive relatively low pay, and therefore lessen average earnings and wages. This negative effect of entrants from nonemployment is offset by growth from stayers, employer-to-employer transitions, and other separations from low-paying jobs. Stayers drive aggregate changes in earnings and wages.
ISSN:0014-2921
1873-572X
DOI:10.1016/j.euroecorev.2021.103654