Full Citation

Title: The Job Ladder

Citation Type: Book, Section

Publication Year: 2006

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Abstract: Most wage growth occurs via job changes rather than on-the-job wage growth. The Burdett-Mortensen (1998) model is an extreme version of this with no on-the-job wage growth. We estimate a version of this model using NLSY data. We simulate 10 years of data on wages, job spells, and unemployment spells and compare them to actual experience. The agreement is remarkably good in several respects, but fails to explain the amount of downward wage changes.

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Authors: Bowlus, Audra J.; Neuman, George R.

Editors: Henning Bunzel, Bent J. Christensen George R. Neumann

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Volume Title: Structural Models of Wage and Employment Dynamics

Publisher: Emerald Group Publishing

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Data Collections: IPUMS USA

Topics: Labor Force and Occupational Structure

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