000			01405nam a22002417a 4500
003			ZW-GwMSU
005			20211022115853.0
008			211021b |||||||| |||| 00| 0 eng d
022			_a0734-306X
040			_aMSU _cMSU _erda
100	1		_aJohnson, Matthew _eAuthor
245	1	2	_aA dynamic equilibrium model of the US wage structure, 1968-1996/ _cMatthew Johnson
264			_aChicago: _bUniversity of Chicago, _c2013.
336			_2rdacontent _atext _btxt
337			_2rdamedia _aunmediated _bn
338			_2rdacarrier _avolume _bnc
440			_aJournal of Labor Economics _vVolume 31 , number 1 ,
520			_aWe develop an equilibrium model of the US labor market, fit to Panel Study of Income Dynamics data from 1968–96. Our main innovation is a finer differentiation of types of labor than in prior work (i.e., by occupation, education, gender, and age). This lets us fit wage and employment patterns better than simpler models. We obtain a good fit to wages and occupational choices over the 29-year period while also explaining college attendance rates. We use the model to assess factors driving changes in the wage structure. Occupational demand shifts and shifts in demand for college labor and female labor within occupations are key factors.
650			_aLabor economics
700			_aKeane, Michael P. _eauthor
856			_uhttp://dx.doi.org/10.1086/666698
942			_2lcc _cJA
999			_c157624 _d157624