The roles of job and worker restructuring in aggregate wage growth dynamics
Kauhanen, A., & Maliranta, M. (2019). The roles of job and worker restructuring in aggregate wage growth dynamics. Review of Income and Wealth, 65(1), 99-118. https://doi.org/10.1111/roiw.12315
Julkaistu sarjassa
Review of Income and WealthPäivämäärä
2019Tekijänoikeudet
© 2017 International Association for Research in Income and Wealth.
We propose an approach for measuring and analyzing the dynamics of the standard
aggregate wage growth of macro statistics with micro data. Our method decomposes the
aggregate wage growth into the wage growth of job stayers and into various terms related to
job and worker restructuring. This method produces explicit expressions with clear
interpretations for the various restructuring components. Using comprehensive longitudinal
employer–employee data, we study how job and worker restructuring influence the aggregate
wage growth and its cyclicality. The results highlight the importance of drawing a sharp
distinction between job and worker restructuring in the analysis of aggregate wage growth
dynamics.
Julkaisija
Wiley-Blackwell Publishing Ltd.ISSN Hae Julkaisufoorumista
0034-6586Asiasanat
Julkaisu tutkimustietojärjestelmässä
https://converis.jyu.fi/converis/portal/detail/Publication/27182468
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