Are initial wage losses of intersectoral movers compensated for by their subsequent wage gains?

Macroeconomic Dynamics

Volumn 14, Issue 4, 2010, Pages 501-526

  Shin, Donggyun ^a   Shin, Kwanho ^b   Park, Seonyoung ^c  

^a Kyung Hee University   (South Korea)

^b Korea University   (South Korea)

^c UNIVERSITY OF MINNESOTA   (United States)

Author keywords

Duration of Unemployment; Initial Wages; Intersectoral Mover; Intrasectoral Mover; Wage Growth

Indexed keywords

EID: 79451472208     PISSN: 13651005     EISSN: 14698056     Source Type: Journal    
DOI: 10.1017/S1365100509090464     Document Type: Article

References (35)

1. Addison, John T. and Pedro Portugal (1989) Job displacement, relative wage changes and duration of unemployment. Journal of Labor Economics 7, 281-302.
2. Altonji, Joseph and Robert Shakotko (1987) Do wages rise with job seniority? Review of Economic Studies 54, 437-459.
3. Baum, Christopher F., Mark E. Schaffer, and Steven Stillman (2003) Instrumental variables and GMM: Estimation and testing. Stata Journal 3, 1-31.
4. Bound, John, Charles Brown, and Nancy Mathiowetz (2001) Measurement error in survey data. In J.J. Heckman and E. Leamer (eds.), Handbook of Econometrics, pp. 3705-3843. Amsterdam: Elsevier Science Publishers.
5. Brainard, Saul L. and David M. Cutler (1993) Sectoral shifts and cyclical unemployment reconsidered. Quarterly Journal of Economics 108, 219-243.
6. Brown, James N. and Audrey Light (1992) Interpreting panel data on job tenure. Journal of Labor Economics 10, 219-257.
7. Carrington, Williams (1993) Wage losses for displaced workers: Is it really the firm that matters? Journal of Human Resources 28, 435-462.
8. Choi, Hwa Jung and Donggyun Shin (2002) Do past unemployment spells affect the duration of current unemployment? Economics Letters 77, 157-161.
9. Corak, Miles (1993) Is unemployment insurance addictive? Evidence from the benefit durations of repeat users. Industrial and Labor Relations Review 47, 62-72.
10. Davis, Steven J. and John Haltiwanger (1990) Gross job creation and destruction: Microeconomic evidence and macroeconomic implications. In Olivier J. Blanchard and Stanley Fischer (eds.), NBER Macroeconomics Annual 5, pp. 123-186. Cambridge, MA: MIT Press.
11. Ellwood, David T. (1982) Teenage unemployment: Permanent scars or temporary blemishes. In R.B. Freeman and D.A. Wise (eds.), The Youth Labor Market Problem: Its Nature, Causes, and Consequences, pp. 349-385. Chicago: University of Chicago Press.
12. Hahn, Jinyong and Jerry Hausman (2002) Notes on bias in estimators for simultaneous equation models. Economics Letters 75, 237-241.
13. Hayashi, Fumio (2000) Econometrics. Princeton, NJ: Princeton University Press.
14. Heckman, James J. and George J. Borjas (1980) Does unemployment cause future unemployment? Definitions, questions and answers from a continuous time model of heterogeneity and state dependence. Economica 47, 247-283.
15. Hellerstein, Judith K., David Neumark, and Kenneth R. Troske (1999) Wages, productivity, and worker characteristics: Evidence from plant-level production functions and wage equations. Journal of Labor Economics 17, 409-446.
16. Houle, Mario and Marc Van Audenrode (1995) Job displacement, wages, and unemployment duration in Canada. Labour Economics 2, 77-91.
17. Jacobson, Louis, Robert La Londe, and Daniel Sullivan (1993) Earnings losses of displaced workers. American Economic Review 83, 685-709.
18. Kiefer, Nicholas M. and George R. Neumann (1979) An empirical job search model with a test of the constant reservation wage hypothesis. Journal of Political Economy 87, 89-107.
19. Kim, Hyun Kyung and Donggyun Shin (2006) Frequency of job Displacement, Cumulative Duration of Unemployment and Wages. Working Paper, Kyunghee University.
20. Lilien, David (1982) Sectoral shifts and cyclical unemployment. Journal of Political Economy 90, 779-793.
21. Lippman, Steven A. and John J. McCall (1976) The economics of job search: A survey, part 1. Economic Inquiry 14, 155-189.
22. Loungani, Prakash and Richard Rogerson (1989) Cyclical fluctuations and sectoral reallocation: Evidence from the PSID. Journal of Monetary Economics 23, 259-273.
23. Loungani, Prakash, Mark Rush, andWilliam Tave (1990) Stock market dispersion and unemployment. Journal of Monetary Economics 25, 367-388.
24. Mortensen, Dale T. (1986) Job search and labor market analysis. In O. Ashenfelter and R. Layard (eds.), Handbook of Labor Economics, pp. 849-899. Amsterdam: Elsevier Science Publishers.
25. Neal, Derek (1995) Industry-specific human capital: Evidence from displaced workers. Journal of Labor Economics 13, 653-677.
26. Ruhm, Christopher (1991) Areworkers permanently scarred by job displacement? American Economic Review 81, 319-324.
27. Shin, Donggyun and Kwanho Shin (2008) Fluctuations of unemployment and inter- and intra-sectoral reallocations of workers. International Economic Journal 22, 231-251.
28. Shin, Kwanho (1997) Inter- and intra-sectoral shocks: Effects on the unemployment rate. Journal of Labor Economics 15, 376-401.
29. Solon, Gary, Robert Barsky, and Jonathan A. Parker (1994) Measuring the cyclicality of real wages: How important is composition bias? Quarterly Journal of Economics 109, 1-25.
30. Starr-McCluer, Martha (1993) Cyclical fluctuations and sectoral reallocation. Journal of Monetary Economics 31, 417-425.
31. Stevens, Ann H. (1997) Persistent effects of job displacement: The importance of multiple job losses. Journal of Labor Economics 15, 165-188.
32. Stigler, George J. (1962) Information in the labor market. Journal of Political Economy 70, 94-105.
33. Topel, Robert (1990) Specific capital and unemployment: Measuring the costs and consequences of job loss. Carnegie-Rochester Conference Series on Public Policy 33, 181-214.
34. Williams, Rick L. (2000) A note on robust variance estimator for cluster-correlated data. Biometrics 56, 645-646.
35. Wooldridge, Jeffrey M. (2002) Econometric Analysis of Cross Section and Panel Data. Cambridge, MA: The MIT Press.