NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Publications by Brooks Pierce

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Working Papers and Chapters and Reporter Articles

January 2017Firm Performance and the Volatility of Worker Earnings
with Chinhui Juhn, Kristin McCue, Holly Monti: w23102
Using linked employer-employee data for the U.S., we examine whether shocks to firm revenues are transmitted to the earnings of continuing employees. While full insurance is rejected, the elasticity of worker earnings with respect to persistent shocks in firm revenues is small and consistent with the notion that firms insulate workers from idiosyncratic shocks. Exploring heterogeneity of effects, we find the largest elasticity in professional services, among employees in the top 5% of their employers’ earnings distribution, suggesting that in certain jobs performance pay may be a countervailing force to wage insurance.

Forthcoming: Firm Performance and the Volatility of Worker Earnings, Chinhui Juhn, Kristin McCue, Holly Monti, Brooks Pierce. in Firms and the Distribution of Income: The Roles of Productivity and Luck, Lazear and Shaw. 2016

November 2015Firm Performance and the Volatility of Worker Earnings
with Chinhui Juhn, Kristin McCue, Holly Monti
in Firms and the Distribution of Income: The Roles of Productivity and Luck, Edward Lazear and Kathryn Shaw, organizers
October 2010Recent Trends in Compensation Inequality
in Labor in the New Economy, Katharine G. Abraham, James R. Spletzer, and Michael Harper, editors
January 1999Constructing Interarea Compensation Cost Indexes with Data from Multiple Surveys
with John W. Ruser, Kimberly D. Zieschang
in International and Interarea Comparisons of Income, Output, and Prices, Alan Heston and Robert E. Lipsey, editors

Contact and additional information for this authorAll NBER papers and publicationsNBER Working Papers only

 
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