RANKING FIRMS USING REVEALED PREFERENCE

• 成果类型: Article
• 署名作者: Sorkin, Isaac
• 署名单位: Stanford University; National Bureau of Economic Research
• 刊物名称: QUARTERLY JOURNAL OF ECONOMICS
• ISSN/ISSBN: 0033-5533
• DOI: 10.1093/qje/qjy001
• 发表日期: 2018
• 页码: 1331-1393
• 关键词: wage differentials; labor mobility; employer size; search model; earnings; dispersion; workers; pay

摘要

This article estimates workers' preferences for firms by studying the structure of employer-to-employer transitions in U.S. administrative data. The article uses a tool from numerical linear algebra to measure the central tendency of worker flows, which is closely related to the ranking of firms revealed by workers' choices. There is evidence for compensating differentials when workers systematically move to lower-paying firms in a way that cannot be accounted for by layoffs or differences in recruiting intensity. The estimates suggest that compensating differentials account for over half of the firm component of the variance of earnings.