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Real wage cyclicality of job stayers, within-company job movers, and between-company job movers
Author(s)
Date Issued
2006-10
Date Available
2008-07-09T15:32:13Z
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
Journal
Industrial and Labor Relations Review
Volume
60
Issue
1
Start Page
105
End Page
119
Copyright (Published Version)
Copyright 2006 The Berkeley Electronic Press
Subject – LCSH
Business cycles
Wages
Labor mobility
Language
English
Status of Item
Peer reviewed
ISSN
0019-7939
This item is made available under a Creative Commons License
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