Suchergebnisse

This paper uses an integrated employer–employee data‐set to answer two key questions: (i) What is the equilibrium amount of worker reallocation? (ii) How much does firm‐level job reallocation affect worker reallocation? About 26% of workers who had previously exhibited a substantial degree of attachment to their employer change jobs in a given year. About two‐thirds of this reallocation is roughly evenly split within and across broadly defined industries. Firm‐level job and worker reallocation substantially increases the probability of transition for even the most stable group of workers, even after controlling for individual characteristics and firm and industry tenure.

A parametric and a semiparametric model produce qualitatively similar estimates of government policy effects on income distribution and welfare (as measured by the Gini, standard deviation of logarithms, relative mean deviation, coefficient of variation, and various Atkinson indexes). Taxes and the Earned Income Tax Credit are an effective way to redistribute income to the poor and raise welfare. The minimum wage lowers welfare. Social insurance programs have little effect except for Supplemental Security Income, which raises welfare. Transfer programs (AFDC/TANF and food stamps) either have no statistically significant effect or lower welfare.

A variety of parametric and semiparametric models produce qualitatively similar estimates of government policies' effects on income distribution and welfare (as measured by the Gini, standard deviation of logarithms, relative mean deviation, coefficient of variation, and various Atkinson indexes). Taxes and the Earned Income Tax Credit are an effective way to redistribute income to the poor and raise welfare. The minimum wage lowers welfare. Social insurance programs have little effect except for Supplemental Security Income, which raises welfare. Transfer programs (AFDC/TANF and food stamps) either have no statistically significant effect or lower welfare.