Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/3017
Appears in Collections:Economics Working Papers
Peer Review Status: Unrefereed
Title: Spot wages, job changes, and the cycle
Authors: Hart, Robert A
Roberts, J Elizabeth
Contact Email: rah1@stir.ac.uk
Citation: Hart RA & Roberts JE (2011) Spot wages, job changes, and the cycle. Stirling Economics Discussion Paper, 2011-11.
Keywords: Real wage cyclicality
spot wages
job moves
job re‐assignments
JEL Code(s): E32
J31
Issue Date: May-2011
Series/Report no.: Stirling Economics Discussion Paper, 2011-11
Abstract: This paper makes use of the British New Earnings Survey Panel Dataset between 1976 and 2010. Individual‐level pay and hours data are obtained from company payrolls and consist of a random sample of 1% of the entire British male and female labor force. We find that the real wages of both male and female workers who change job titles within companies are significantly more procyclical than job stayers. Wage cyclicality of internal job movers who retain their job titles is the same as that of job stayers. This lends support to the predicted procyclical real wage effects of the Reynolds‐Reder‐Hall job re‐grading hypothesis. On the extensive margin, title changers and title retainers who move jobs between companies exhibit the same degrees of wage cyclicality and these are significantly greater than for job stayers. We argue that our findings are compatible with earlier research that has established the importance of spot market wage setting in Britain.
Type: Working or Discussion Paper
URI: http://hdl.handle.net/1893/3017
Affiliation: Economics
Economics

Files in This Item:
File Description SizeFormat 
SEDP-2011-11-Harts-Roberts.pdf553.61 kBAdobe PDFView/Open


This item is protected by original copyright



Items in the Repository are protected by copyright, with all rights reserved, unless otherwise indicated.

If you believe that any material held in STORRE infringes copyright, please contact library@stir.ac.uk providing details and we will remove the Work from public display in STORRE and investigate your claim.