Do firm effects drift?
Other Titles
Evidence from Washington Administrative Data
Author
Lachowska, Marta
Mas, Alexandre
Saggio, Raffaele
Woodbury, Stephen A.
Abstract
Firm effects in the AKM model are typically assumed to be constant over time. But what if they aren't constant? We look at a Time-Varying AKM model to show that firm effects are highly persistent and that variance components vary with the business cycle.
Sponsorship
The conference was made possible with generous support of the Alfred P. Sloan Foundation, the Office of the Dean, ILR School, Cornell University,
the Pierce Memorial Fund, ILR School, Cornell University, the Class of 1950 Professor of Economics Chair, University of California at Berkeley, and the Labor Dynamics Institute, ILR School, Cornell University
the Pierce Memorial Fund, ILR School, Cornell University, the Class of 1950 Professor of Economics Chair, University of California at Berkeley, and the Labor Dynamics Institute, ILR School, Cornell University
Date Issued
2019-10-13
Publisher
Presented at the Models of Linked Employer-Employee Data Conference 2019
Rights
Attribution-NonCommercial-ShareAlike 4.0 International
Type
presentation
Accessibility Hazard
none