TY - JOUR
T1 - Earnings and labour market volatility in Britain, with a transatlantic comparison
AU - Cappellari, Lorenzo
AU - Jenkins, Stephen P.
PY - 2014
Y1 - 2014
N2 - We contribute new evidence about earnings and labour market volatility in Britain over the period 1992–2008, for women as well as men, and provide transatlantic comparisons (Most research about volatility refers to earnings volatility for US men.). Earnings volatility declined slightly for both men and women over the period but the changes are not statistically significant. When we look at labour market volatility, i.e. also including individuals with zero earnings in the calculations, there is a statistically significant decline in volatility for both women and men, with the fall greater for men. Using variance decompositions, we demonstrate that the fall in labour market volatility is largely accounted for by changes in employment attachment rates. We show that volatility trends in Britain, and what contributes to them, differ from their US counterparts in several respects.
AB - We contribute new evidence about earnings and labour market volatility in Britain over the period 1992–2008, for women as well as men, and provide transatlantic comparisons (Most research about volatility refers to earnings volatility for US men.). Earnings volatility declined slightly for both men and women over the period but the changes are not statistically significant. When we look at labour market volatility, i.e. also including individuals with zero earnings in the calculations, there is a statistically significant decline in volatility for both women and men, with the fall greater for men. Using variance decompositions, we demonstrate that the fall in labour market volatility is largely accounted for by changes in employment attachment rates. We show that volatility trends in Britain, and what contributes to them, differ from their US counterparts in several respects.
U2 - https://doi.org/10.1016/j.labeco.2014.03.012
DO - https://doi.org/10.1016/j.labeco.2014.03.012
M3 - Article
SN - 0927-5371
VL - 30
SP - 201
EP - 211
JO - Labour Economics
JF - Labour Economics
ER -