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Author: Bils, Mark J.
Resulting in 2 citations.
| 1. |
Bils, Mark J. |
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Real Wages over the Business Cycle: Evidence from Panel Data Journal of Political Economy 93,4 (August 1985): 666-689. Also: http://www.jstor.org/stable/1832132 Cohort(s): Young Men Publisher: University of Chicago Press Keyword(s): Behavior; Business Cycles; Unemployment Rate; Wages The cyclical behavior of real wages has been the subject of numerous studies, most of which used aggregated time-series data. In contrast, the present analysis employs disaggregated, panel data from a pooled sample of the Young Men. Using these data, a pooled time-series, cross-sectional model is estimated in which changes in real wages are related to changes in the national unemployment rate. Analysis reveals real wages to be very procyclical. A percentage point decline in the unemployment rate is associated with a rise in real wages of 1.5%- 2%. Averaging over a cyclically changing labor force is found to countercyclically bias the real wage, although the effect is not large. Disaggregation also shows that real wages behave very differently across individuals. |
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Bibliography Citation
Bils, Mark J. "Real Wages over the Business Cycle: Evidence from Panel Data." Journal of Political Economy 93,4 (August 1985): 666-689.
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| 2. |
Hills, Stephen M. Becker, Brian E. Bils, Mark J. D'Amico, Ronald |
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Career Thresholds, Volume 7: Ten Years of Labor Market Experience for Young Men Report, Columbus OH: Center for Human Resource Research, The Ohio State University, 1980 Cohort(s): Young Men Publisher: Center for Human Resource Research Keyword(s): Earnings, Husbands; Earnings, Wives; Family Income; Firm Size; Mobility; Training, Occupational; Transition, School to Work Nine chapters outline the following information: 1. Historical and demographic changes affecting the work lives of the 3,644 young men who were age 14-24 when first interviewed in 1966 and who remained in the sample ten years later. 2. The declining labor market opportunities of those who graduated from college with variations by degree and field of study. 3. The impact of investment in college quality for the young men, focusing on later earnings and graduate school attendance and whether the quality of the institution makes a difference in the labor market position. 4. The intensity and subsequent effectiveness of occupational training and whether the return to training compares favorably with other investment activities. 5. Labor marke |
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Bibliography Citation
Hills, Stephen M., Brian E. Becker, Mark J. Bils and Ronald D'Amico. Career Thresholds, Volume 7: Ten Years of Labor Market Experience for Young Men. Report, Columbus OH: Center for Human Resource Research, The Ohio State University, 1980. |