Trends in Men's Earnings Volatility: What Does the Panel Study of Income Dynamics Show?
Using Panel Study of Income Dynamics data for 1969 through 2004, we examine movements in men's earnings volatility. Like many previous studies, we find that earnings volatility is substantially countercyclical. As for secular trends, we find that men's earnings volatility increased during the 1970s, but did not show a clear trend afterwards until a new upward trend appeared in the last few years. These patterns are broadly consistent with the findings of recent studies based on other data sets.
The authors are grateful for data advice from Tecla Loup and for helpful comments on earlier drafts from Tom DeLeire, Doug Elmendorf, Mike Elsby, Peter Gottschalk, Steven Haider, Robert Moffitt, Bob Schoeni, and seminar participants at Michigan State University, the University of British Columbia, Brown University, the Federal Reserve Board, the University of Houston, Rice University, Texas A&M University, and Yale University. Donggyun Shin's work on this project was generously supported by a Korea Research Foundation Grant funded by the Korean Government (MOEHRD, Basic Research Promotion Fund, KRF-2007-327-B00118). The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.
Shin, Donggyun & Solon, Gary, 2011. "Trends in men's earnings volatility: What does the Panel Study of Income Dynamics show?," Journal of Public Economics, Elsevier, vol. 95(7), pages 973-982. citation courtesy of
Shin, Donggyun & Solon, Gary, 2011. "Trends in men's earnings volatility: What does the Panel Study of Income Dynamics show?," Journal of Public Economics, Elsevier, vol. 95(7-8), pages 973-982, August.