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Testing the independence of job arrival rates and wage offers
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Braun, Christine, Engelhardt, Bryan, Griffy, Benjamin and Rupert, Peter (2020) Testing the independence of job arrival rates and wage offers. Labour Economics, 63 . 101804. doi:10.1016/j.labeco.2020.101804 ISSN 0927-5371.
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Official URL: https://doi.org/10.1016/j.labeco.2020.101804
Abstract
Is the arrival rate of a job independent of the wage that it pays? We answer this question by testing whether unemployment insurance alters the job finding rate differentially across the wage distribution. To do this, we use a Mixed Proportional Hazard Competing Risk Model in which we classify quantiles of the wage distribution as competing risks faced by searching unemployed workers. Allowing for flexible unobserved heterogeneity across spells, we find that unemployment insurance increases the likelihood that a searcher matches to higher paying jobs relative to low or medium paying jobs, rejecting the notion that wage offers and job arrival rates are independent. We show that dependence between wages and job offer arrival rates explains 9% of the increase in the duration of unemployment associated with unemployment insurance.
| Item Type: | Journal Article | |||||||||
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| Subjects: | H Social Sciences > HD Industries. Land use. Labor | |||||||||
| Divisions: | Faculty of Social Sciences > Economics | |||||||||
| Library of Congress Subject Headings (LCSH): | Job creation -- Research, Wages -- Research, Proportional hazards models, Unemployment insurance -- Research | |||||||||
| Journal or Publication Title: | Labour Economics | |||||||||
| Publisher: | Elsevier BV | |||||||||
| ISSN: | 0927-5371 | |||||||||
| Official Date: | April 2020 | |||||||||
| Dates: |
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| Volume: | 63 | |||||||||
| Article Number: | 101804 | |||||||||
| DOI: | 10.1016/j.labeco.2020.101804 | |||||||||
| Status: | Peer Reviewed | |||||||||
| Publication Status: | Published | |||||||||
| Access rights to Published version: | Restricted or Subscription Access | |||||||||
| Date of first compliant deposit: | 16 January 2020 | |||||||||
| Date of first compliant Open Access: | 13 July 2021 | |||||||||
| RIOXX Funder/Project Grant: |
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