Inequality and the disappearing large firm wage premium
Inequality and the disappearing large firm wage premium
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不平等和大企业工资溢价的消失
DOI：
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发表时间：
2017
期刊：
影响因子：
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通讯作者：
Till M. von Wachter
中科院分区：
文献类型：
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作者：
N. Bloom;Fatih Guvenen;Benjamin S. Smith;Jae Song;Till M. von Wachter
大公司的工资溢价（可以追溯到100多年前的摩尔（1911）））正在缩小。从1978年到2013年，企业规模（以原木计）和工资（以原木计）之间的相关性下降了55%。在本文中，我们研究了1978-2013年的社会保障管理局主收入文件，以及1968 - 2015年的当前人口调查（CPS），发现有三个因素导致了这一点。首先，大型企业工资溢价的下降几乎完全是由Abowd et al.（1999）[AKM]风格模型中企业固定效应的下降所驱动的。大公司传统上会雇用能力更高的员工，这体现在公司规模和员工固定效应的正相关性上。我们在1980年以后的数据中看到了这一点，但这种相关性在2013年之前基本保持不变。因此，大公司工资溢价的下降不是由员工质量的下降驱动的，而是由公司固定效应的下降驱动的。也就是说，大公司提供的薪酬溢价似乎在绝对值上有所缩小。第二，大公司工资溢价的下降大多发生在行业内。尽管像制造业这样具有历史性大规模溢价的行业萎缩了，而像服务业和零售业这样规模较小的行业则扩张了，
The large-firm wage premium, which goes back over 100 years to Moore (1911), is shrinking. The correlation between firm size (in logs) and wages (in logs) dropped by 55% between 1978 and 2013. In this paper we examine the Social Security Administration Master Earnings File covering from 1978-2013, and the Current Population Survey (CPS) from 1968 to 2015, finding three factors account for this. First, the fall in the large firm wage premium has been driven almost entirely by the drop in the firm fixed effect from an Abowd et al. (1999) [AKM] style model. Large firms traditionally hire higher ability employees which shows up in a positive correlation of firm size and the worker fixed-effect. We see this in our data from 1980 onwards, but this correlation remains largely unchanged until 2013. So the drop in large-firm wage premium is not driven by a fall in the quality of employees, but instead by a fall in the firm fixed-effect. That is, the pay premium which large firms are offering appears to have shrunk in absolute terms. Second, most of the fall in the largefirm wage premium occurred within industries. Although industries with a historically large firm-size premium like manufacturing shrunk while those with smaller size premium like services and retail expanded,