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NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Working Papers by Kristin McCue

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Working Papers

January 2017Firm Performance and the Volatility of Worker Earnings
with Chinhui Juhn, Holly Monti, Brooks Pierce: 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

Hires and Separations in Equilibrium
with Edward P. Lazear: w23059
Hiring is positively correlated with separation, both across firms and over time. A theory of hiring and separation based on shifts in demand implies the opposite. One firm or industry hires and grows when another fires and contracts. But hiring for expansion and layoff for contraction comprises the minority of hiring and separation. A more accurate view is that hiring and separation reflect churn and are balanced in equilibrium, where one is the mirror image of the other. Hiring occurs primarily to fill vacant slots that open up when a firm separates a worker. Equivalently, a separation results when a worker is hired away by another firm. A model of efficient mobility yields several specific predictions in addition to the positive correlation between hires and separations. Labor market ch...
November 2010Workplace Concentration of Immigrants
with Fredrik Andersson, Mónica García-Pérez, John C. Haltiwanger, Seth Sanders: w16544
To what extent do immigrants and the native-born work in separate workplaces? Do worker and firm characteristics explain the degree of workplace concentration? We explore these questions using a matched employer-employee database that extensively covers employers in selected MSAs. We find that immigrants are much more likely to have immigrant coworkers than are natives, and are particularly likely to work with their compatriots. We find much higher levels of concentration for small businesses than for large ones, that concentration varies substantially across industries, and that concentration is particularly high among immigrants with limited English skills. We also find evidence that neighborhood job networks are strongly positively associated with concentration. The effects of networks ...

Published: Fredrik Andersson & Mónica García-Pérez & John Haltiwanger & Kristin McCue & Seth Sanders, 2014. "Workplace Concentration of Immigrants," Demography, Springer, vol. 51(6), pages 2281-2306, December. citation courtesy of

Contact and additional information for this authorAll NBER papers and publicationsNBER Working Papers onlyInformation about this author at RePEc

 
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