Replication data for: Do Job-to-Job Transitions Drive Wage Fluctuations over the Business Cycle?
- Karahan, Fatih
- Michaels, Ryan
- Pugsley, Benjamin
- Şahin, Ayşegül
- Schuh, Rachel
AbstractWe investigate the importance of job-to-job (JJ) transitions for cyclical wage dynamics. By exploiting cross-state variation, we find that wage growth is tightly linked to variation in the JJ transition probability, and conditional on this, the job finding probability of the unemployed has no explanatory power. We investigate the robustness of our results to several caveats and find the result to hold. Finally, we discuss the implications of our findings for competing theories of wage dynamics.
Is supplement to
DOI: 10.1257/aer.p20171076 (Text)
Karahan, Fatih, Ryan Michaels, Benjamin Pugsley, Aysegül Sahin, and Rachel Schuh. “Do Job-to-Job Transitions Drive Wage Fluctuations Over the Business Cycle?” American Economic Review 107, no. 5 (May 2017): 353–57. https://doi.org/10.1257/aer.p20171076.
- ID: 10.1257/aer.p20171076 (DOI)
Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-12