Replication data for: Composition and Aggregate Real Wage Growth

Principal Investigator(s):  View help for Principal Investigator(s) Mary C. Daly; Bart Hobijn

Version:  View help for Version V1

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CPS_Matched.dta application/octet-stream 10.8 GB 10/12/2019 07:47:AM
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Quarterly-Haver-Data.dta application/octet-stream 6.8 KB 10/12/2019 07:45:AM
_gwtmean.ado text/plain 1.5 KB 10/12/2019 07:45:AM
readme.docx application/vnd.openxmlformats-officedocument.wordprocessingml.document 10.5 KB 10/12/2019 07:56:AM
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Project Citation: 

Daly, Mary C., and Hobijn, Bart. Replication data for: Composition and Aggregate Real Wage Growth. Nashville, TN: American Economic Association [publisher], 2017. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113514V1

Project Description

Summary:  View help for Summary Aggregate real wages exhibit less procyclicality than most macroeconomic models predict. We use 35 years of Current Population Survey data to confirm that the puzzling behavior of wages largely owes to changes in the composition of the employed over the business cycle. This composition effect relates to changes in both the number and the relative wage levels of those entering and exiting. The changing gap in wages of entrants and exiters is especially important for the unemployed. A large part of this wage gap is due to differences in average Mincer residuals between entrants and exiters.

Scope of Project

Subject Terms:  View help for Subject Terms earnings; Wages
JEL Classification:  View help for JEL Classification
      E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
      E32 Business Fluctuations; Cycles
      J31 Wage Level and Structure; Wage Differentials
      J64 Unemployment: Models, Duration, Incidence, and Job Search
Time Period(s):  View help for Time Period(s) 1/1/1981 – 12/31/2016
Data Type(s):  View help for Data Type(s) census/enumeration data; program source code

Methodology

Data Source:  View help for Data Source Current Population Survey
Unit(s) of Observation:  View help for Unit(s) of Observation Individual,

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Published Versions

V1 [2019-10-12]

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