Since then, the rate of growth in these wage gaps has progressively slowed, and though the gaps remain large, they were essentially unchanged between 20. Wage gaps between workers with a college or graduate degree and those with only a high school degree rose rapidly in the United States during the 1980s. The results suggest that a decline in the dispersion of employment growth across geographic areas contributed to a pronounced inward shift in the Beveridge curve since the late 1980s, reversing the earlier pattern identified by Abraham (1987) and reinforcing findings of favorable labor market trends in the 1990s (e.g., Katz and Krueger 1999).
#Dr valletta series
Bureau of Labor Statistics, the help-wanted advertising series that formed the basis of past work are modified to form synthetic job vacancy series at the national and regional level. Using new data on job vacancies from the U.S. aggregate and regional Beveridge curves, focusing on the period 1976-2005. This paper combines aggregate and regional data on job vacancies and unemployment to estimate the U.S. Previous analyses of the Beveridge curve suggested deterioration in match efficiency during the 1970s and early 1980s, followed by improved match efficiency beginning in the late 1980s. The Beveridge curve depicts the empirical relationship between job vacancies and unemployment, which in turn reflects the underlying efficiency of the job matching process. Beveridge Curve Shifted Back? New Evidence Using Regional Data For broad groups defined by educational attainment, rising computer use was associated with rising between-group inequality that was offset by falling within-group inequality, suggesting that computers have exerted a “leveling” rather than a “polarizing” effect on wages. Over my complete sample frame, however, the net association between rising computer use and the distribution of wages was quite limited. Analysis of data from the periodic CPS computer use supplements over the years 1984-2003 reveals that the positive association between workplace computer use and wages declines at higher skill levels, with the notable exception of a higher return to computer use for highly educated workers that emerged after 1997. I investigate this link by testing for direct effects of rising computer use on the distribution of wages in the United States. Given past estimates of wage increases associated with workplace computer use and higher usage rates among more skilled workers, the diffusion of computers has been interpreted as a mechanism for skill-biased technological change and consequent widening of the earningsĭistribution. The results show moderate disincentive effects of the $600 supplemental payments on job finding rates and by extension small effects of the $300 weekly supplement available during 2021.Ģ020-18 | with Petrosky-Nadeau | September 2020 abstract (+) We supplement this quantitative assessment of reservation benefits with direct empirical analysis of labor force transitions using matched Current Population Survey (CPS) data, linked to annual earning records from the CPS income supplement to form UI replacement rates. workers suggests that only a small fraction would turn down an offer to return to work at their previous wage under the CARES Act expanded UI payments. Calculating the reservation benefit and comparing it to imputed benefit payments for a wide range of U.S. We derive a reservation level of benefit payments at which an individual is indifferent between accepting and refusing a job offer at their prior wage. To assess the impact of the UI supplement, we analyze the job acceptance decision in a dynamic framework in which job seekers weigh the value of a job against remaining unemployed, accounting for the perceived state of the labor market and expected weeks of UI benefits. This unprecedented increase in UI generosity caused weekly benefit payments to exceed prior earnings for most recipients, raising concern that many would be unwilling to accept job offers, slowing the labor market recovery. CARESĪct granted an extra $600 per week in unemployment insurance (UI) benefit payments from late March through July 2020. To provide economic relief following the onset of the COVID-19 pandemic, the U.S.
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