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Earnings and labour market volatility in Britain, with a transatlantic comparison

Cappellari, Lorenzo and Jenkins, Stephen P. (2014) Earnings and labour market volatility in Britain, with a transatlantic comparison. Labour Economics, Online . ISSN 0927-5371 (In Press)

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Abstract

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.

Item Type: Article
Official URL: http://www.journals.elsevier.com/labour-economics
Additional Information: © 2014 Elsevier B.V.
Library of Congress subject classification: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HD Industries. Land use. Labor
Journal of Economic Literature Classification System: C - Mathematical and Quantitative Methods > C4 - Econometric and Statistical Methods: Special Topics > C46 - Econometric and Statistical Methods: Specific Distributions
J - Labor and Demographic Economics > J4 - Particular Labor Markets > J41 - Contracts: Specific Human Capital, Matching Models, Efficiency Wage Models, and Internal Labor Markets
Sets: Departments > Social Policy
Research centres and groups > Suntory and Toyota International Centres for Economics and Related Disciplines (STICERD)
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 08 May 2014 11:26
URL: http://eprints.lse.ac.uk/56667/

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