Labour Mobility and Earnings in the Uk, 1992-2017

• 成果类型: Article
• 署名作者: Postel-Vinay, Fabien; Sepahsalari, Alireza
• 署名单位: University of London; University College London; University of London; London School Economics & Political Science; University of Bristol
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1093/ej/uead052
• 发表日期: 2023
• 页码: 3071-3098
• 关键词: outs; ins

摘要

We combine information from the British Household Panel Study and the United Kingdom Household Longitudinal Study (also known as Understanding Society) to construct consistent time series of aggregate worker stocks, worker flows and earnings in the United Kingdom over the period 1992-2017. We propose a method to harmonise data between the British Household Panel Study and United Kingdom Household Longitudinal Study, which we validate by checking the consistency of some of our headline time series with equivalent series produced from other sources, notably by the Office for National Statistics. In addition to drawing a detailed aggregate picture of the United Kingdom labour market over the past two and a half decades, we use our constructed data set to compare the impact of industry, occupation and employer tenure on wages in the United Kingdom. We find that returns to occupation tenure are substantial. All else equal, five years of occupation tenure are associated with a 3.3% increase in wages. We also find that industry tenure plays a non-negligible part in driving wage growth.