Business Income Dynamics and Labor Market Fluidity

Q3 Business, Management and Accounting

IZA Journal of Labor Economics Pub Date : 2021-01-01 DOI:10.2478/izajole-2021-0004

Henry R. Hyatt, Seth C. Murray, Kristin Sandusky

引用次数: 4

Abstract

Abstract The share of the U.S. population that receives business income has increased substantially in recent decades. At the same time, worker hire and separation rates declined, with worrying implications for productivity and wage growth. In this paper, we explore the relationship between business income (BI) receipt and labor reallocation. We show that BI recipients are largely excluded from existing measures of labor reallocation. Including BI recipients reduces the measured decline from 1994 to 2014 in the hire and separation rates by 8.3–8.7%, respectively, primarily among jobs that were secondary sources of income or short in duration. We present evidence that worker transitions between wage and salary jobs and BI represent labor reallocation, as opposed to reclassification of employees as independent contractors.

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企业收入动态和劳动力市场流动性

摘要近几十年来，美国人口中获得商业收入的比例大幅增加。与此同时，工人雇佣率和离职率下降，对生产力和工资增长产生了令人担忧的影响。在本文中，我们探讨了企业收入（BI）收据与劳动力再分配之间的关系。我们发现BI接受者在很大程度上被排除在现有的劳动力再分配措施之外。包括BI接受者在内，1994年至2014年的雇佣率和离职率分别下降了8.3-8.7%，主要是在次要收入来源或短期工作中。我们提出的证据表明，工人在工资和薪水工作之间的转变和BI代表了劳动力的重新分配，而不是将员工重新归类为独立承包商。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

IZA Journal of Labor Economics Business, Management and Accounting-Industrial Relations

CiteScore

1.40

自引率

0.00%

发文量

审稿时长

13 weeks

期刊介绍： As of March 31, 2019, the IZA Open Access Journal Series will transfer to Sciendo. Please use the Springer Editorial Manager system for all submissions until February 28. During the transfer period in March 2019 you may direct your submissions to journals@iza.org. The IZA Journal of Labor Economics publishes scientific articles in all areas of labor economics. This refers to original high-quality theoretical and applied contributions on both microeconomic and macroeconomic labor-related topics. In particular, the IZA Journal of Labor Economics encourages submissions in subject areas that are closely linked to the various IZA Program Areas, ranging from education, family and environment to mobility, behavioral and personnel economics, and labor market institutions, among others. The IZA Journal of Labor Economics is part of IZA’s mission of contributing to social and economic discourse, enabling political decision-making to be based on the best available scientific knowledge. We want to stimulate research to close knowledge gaps. Hence, the IZA Journal of Labor Economics particularly welcomes contributions that provide scientifically sound answers to open and relevant questions of modern labor economics.