Real wage cyclicality of job stayers, within-company job movers, and between-company job movers

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Title: Real wage cyclicality of job stayers, within-company job movers, and between-company job movers
Authors: Hart, Robert A.
Devereux, Paul J.
Permanent link: http://hdl.handle.net/10197/314
Date: Oct-2006
Abstract: Using the British New Earnings Survey Panel Data for 1975-2001, the authors estimate the wage cyclicality (the degree to which wage levels rise and fall with economic upturns and downturns) of three groups: job stayers, within-company job movers, and between-company job movers. Wages of internal movers, they find, were slightly more procyclical, and wages of external movers considerably more procyclical, than those of stayers. The greater cyclicality of movers' wages is particularly apparent for private sector workers and persons not covered by collective agreements. Nevertheless, because job stayers comprised about 90% of all observations in this large sample of British workers, the procyclicality of their wages was the predominant determinant of the overall procyclical pattern found across all groups. Thus, the analysis does not support the implication of some rigid wage models that employers use job title changes to adjust wages to the business cycle.
Type of material: Journal Article
Publisher: Cornell University, School of Industrial and Labor Relations
Copyright (published version): Copyright 2006 The Berkeley Electronic Press
Keywords: Real wage cyclicality;Job stayers;Within-company job movers;Between-company job movers
Subject LCSH: Business cycles
Wages
Labor mobility
Language: en
Status of Item: Peer reviewed
Appears in Collections:Geary Institute Research Collection
Economics Research Collection

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