IDEAS home Printed from https://ideas.repec.org/p/red/sed015/893.html
   My bibliography  Save this paper

The U.S. Job Ladder in the New Millennium

Author

Listed:
  • Nellie Zhao

    (Cornell University)

  • Henry Hyatt

    (US Census Bureau)

  • Isabel Cairo

    (Board of Governors of the Federal Reserve System)

Abstract

The U.S. labor market after the year 2000 has many notable differences from previous decades. First, the rate of growth in high-paying jobs seen in the 1980s and 1990s has not been realized, with job growth occurring disproportionately in low-paying jobs. Second, the rate at which workers switch employers fell after the year 2000, and only experienced a modest increase before plummeting again in the labor market downturn associated with the ``Great Recession'' of 2007-2009. Third, the employment-to-population ratio has declined from its peak in the year 2000 and, since the most recent recession, stayed at levels not see in the last thirty years. In this paper, after descriptive analysis of these patterns in the U.S. labor market, we explore how changes in labor demand may account for these declines in a model of the labor market with on-the-job search.

Suggested Citation

  • Nellie Zhao & Henry Hyatt & Isabel Cairo, 2015. "The U.S. Job Ladder in the New Millennium," 2015 Meeting Papers 893, Society for Economic Dynamics.
  • Handle: RePEc:red:sed015:893
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Leland Crane & Henry Hyatt & Seth Murray, 2018. "Cyclical Labor Market Sorting," 2018 Meeting Papers 939, Society for Economic Dynamics.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:red:sed015:893. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christian Zimmermann). General contact details of provider: http://edirc.repec.org/data/sedddea.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.