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Replication data for: Composition and Aggregate Real Wage Growth

Version
1
Resource Type
Dataset
Creator
  • Daly, Mary C.
  • Hobijn, Bart
Publication Date
2017-05-01
Description
  • Abstract

    Aggregate real wages exhibit less procyclicality than most macroeconomic models predict. We use 35 years of Current Population Survey data to confirm that the puzzling behavior of wages largely owes to changes in the composition of the employed over the business cycle. This composition effect relates to changes in both the number and the relative wage levels of those entering and exiting. The changing gap in wages of entrants and exiters is especially important for the unemployed. A large part of this wage gap is due to differences in average Mincer residuals between entrants and exiters.
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/aer.p20171075 (Text)
Publications
  • Daly, Mary C., and Bart Hobijn. “Composition and Aggregate Real Wage Growth.” American Economic Review 107, no. 5 (May 2017): 349–52. https://doi.org/10.1257/aer.p20171075.
    • ID: 10.1257/aer.p20171075 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-12

Daly, Mary C.; Hobijn, Bart (2017): Replication data for: Composition and Aggregate Real Wage Growth. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E113514V1