Wage Cyclicality and Labor Market Sorting

IF 8.1 1区 经济学 Q1 ECONOMICS
A. Figueiredo
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引用次数: 2

Abstract

This paper uses a measure of skill mismatch to separate wage flexibility from confounding variation in wages driven by differences in job quality over the business cycle. I first show that the high cyclicality of job switchers' wages goes beyond cyclical movements in skill mismatch. Then I uncover large differences in wage cyclicality across the skill mismatch distribution. Among incumbent workers, wages are acyclical in good matches but procyclical in poor matches, in particular for overqualified workers. (JEL E32, J24, J31, J41)
工资周期性与劳动力市场排序
本文使用技能不匹配的衡量标准,将工资灵活性与商业周期内工作质量差异导致的工资混杂变化区分开来。我首先表明,跳槽者工资的高周期性超出了技能错配的周期性波动。然后,我发现了技能错配分布中工资周期性的巨大差异。在在职工人中,工资在好的匹配中是非周期性的,但在差的匹配中却是顺周期的,尤其是对于资历过高的工人。(JEL E32,J24,J31,J41)
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来源期刊
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期刊介绍: The journal American Economic Review: Insights (AER: Insights) is a publication that caters to a wide audience interested in economics. It shares the same standards of quality and significance as the American Economic Review (AER) but focuses specifically on papers that offer important insights communicated concisely. AER: Insights releases four issues annually, covering a diverse range of topics in economics.
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