Replication data for: Cyclical Job Ladders by Firm Size and Firm Wage
Principal Investigator(s): View help for Principal Investigator(s) John C. Haltiwanger; Henry R. Hyatt; Lisa B. Kahn; Erika McEntarfer
Version: View help for Version V1
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Project Citation:
Haltiwanger, John C., Hyatt, Henry R., Kahn, Lisa B., and McEntarfer, Erika. Replication data for: Cyclical Job Ladders by Firm Size and Firm Wage. Nashville, TN: American Economic Association [publisher], 2018. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E114128V1
Project Description
Summary:
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We study whether workers progress up firm wage and size job ladders, and the cyclicality of this movement. Search theory predicts that workers should flow toward larger, higher paying firms. However, we see little evidence of a firm size ladder, partly because small, young firms poach workers from all other businesses. In contrast, we find strong evidence of a firm wage ladder that is highly procyclical. During the Great Recession, this firm wage ladder collapsed, with net worker reallocation to higher wage firms falling to zero. The earnings consequences from this lack of upward progression are sizable.
Scope of Project
JEL Classification:
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D22 Firm Behavior: Empirical Analysis
E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
E32 Business Fluctuations; Cycles
J31 Wage Level and Structure; Wage Differentials
J63 Labor Turnover; Vacancies; Layoffs
J64 Unemployment: Models, Duration, Incidence, and Job Search
L25 Firm Performance: Size, Diversification, and Scope
D22 Firm Behavior: Empirical Analysis
E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
E32 Business Fluctuations; Cycles
J31 Wage Level and Structure; Wage Differentials
J63 Labor Turnover; Vacancies; Layoffs
J64 Unemployment: Models, Duration, Incidence, and Job Search
L25 Firm Performance: Size, Diversification, and Scope
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