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- W2788751796 abstract "This paper analyzes the ability of a job ladder framework to explain recent evidence on earnings risk. Heterogeneous and risk averse workers search for job opportunities at heterogeneous firms. The resulting dynamics can successfully replicate several non-targeted key properties of the distribution of earnings changes that have been documented by Guvenen, Karahan, Ozkan and Song [2015]. These are most notably a large negative skewness and a high excess kurtosis, rejecting the frequently used log-normal framework. Moreover, the proposed model is to a certain extent successful in explaining variation in these moments as a function of age and the level of earnings." @default.
- W2788751796 created "2018-03-06" @default.
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- W2788751796 date "2016-01-01" @default.
- W2788751796 modified "2023-09-27" @default.
- W2788751796 title "The Job Ladder and its Implications for Earnings Risk" @default.
- W2788751796 hasPublicationYear "2016" @default.
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