Working Paper: NBER ID: w4859
Authors: Francis X. Diebold; David Neumark; Daniel Poisky
Abstract: Two key attributes of a job are its wage and its duration. Much has been made of changes in the wage distribution in the 1980s, but little attention has been given to job durations since Hall (1982). We fill this void by examining the temporal evolution of job retention rates in U.S. labor markets, using data assembled from the sequence of Current Population Survey job tenure supplements. In contrast to the distribution of wages, which clearly changed in the 1980s, we find that job retention rates have remained stable.
Keywords: job stability; job retention; labor markets; wage distribution
JEL Codes: J63; J64
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| job retention rates (J63) | stability of job retention rates (J63) |
| demographic characteristics (J21) | job retention rates (J63) |
| temporal evolution of job retention rates (J63) | survival function (C41) |
| wage distribution changes (J31) | job retention rates (J63) |