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Title: Revisiting the Relationship Between Unemployment and Wages
Resulting in 1 citation.
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Gallipoli, Giovanni Yedid-Levi, Yaniv |
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Revisiting the Relationship Between Unemployment and Wages Presented: Chicago IL, American Economic Association Annual Meeting, January 2017 Cohort(s): NLSY79 Publisher: American Economic Association Keyword(s): Occupations; Performance pay; Unemployment Rate; Wages Permission to reprint the abstract has not been received from the publisher. We investigate the empirical relationship between wages and labor market conditions. Following work histories in the NLSY79 we document that the relationship between wages and unemployment rate differs across occupations. The results hold after controlling for unobserved match quality. This suggests that evidence about history dependence of wages obtained from pooled samples conceals significant differences and provides an imprecise description of earning dynamics. We examine these discrepancies and offer new evidence suggesting that the sensitivity of wages to current unemployment is linked to the prevalence of performance pay. |
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Bibliography Citation
Gallipoli, Giovanni and Yaniv Yedid-Levi. "Revisiting the Relationship Between Unemployment and Wages." Presented: Chicago IL, American Economic Association Annual Meeting, January 2017. |