A Dynamic Equilibrium Model of the US Wage Structure, 1968–1996

A Dynamic Equilibrium Model of the US Wage Structure, 1968–1996
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美国工资结构的动态均衡模型,1968-1996

DOI:
10.1086/666698
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发表时间:
2013
影响因子:
3.8
通讯作者:
M. Keane
M. Keane
中科院分区:
经济学1区
文献类型:
--
作者:
Matthew T. Johnson;M. Keane

文献摘要

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我们开发了一个美国劳动力市场的均衡模型,适合1968-96年收入动态数据的面板研究。我们的主要创新是比以前的工作更精细地区分劳动类型(即,按职业、教育、性别和年龄分列)。这使我们能够比简单的模型更好地拟合工资和就业模式。我们在29年的时间里获得了很好的工资和职业选择,同时也解释了大学入学率。我们使用该模型来评估推动工资结构变化的因素。职业需求的变化以及职业内对大学生劳动力和女性劳动力需求的变化是关键因素。
We develop an equilibrium model of the US labor market, fit to Panel Study of Income Dynamics data from 1968–96. Our main innovation is a finer differentiation of types of labor than in prior work (i.e., by occupation, education, gender, and age). This lets us fit wage and employment patterns better than simpler models. We obtain a good fit to wages and occupational choices over the 29-year period while also explaining college attendance rates. We use the model to assess factors driving changes in the wage structure. Occupational demand shifts and shifts in demand for college labor and female labor within occupations are key factors.