Trends in real wage growth

Productivity ; Wages

Unemployment and wage growth: recent cross-state evidence

This article shows that even in recent years there is a relatively robust, negative cross-state correlation between appropriate measures of unemployment and wage growth.Unemployment ; Wages

Growth in worker quality

Labor productivity ; Human capital

Regional growth in worker quality

Labor productivity ; Human capital

A note on the estimation of linear regression models with Heteroskedastic measurement errors

I consider the estimation of linear regression models when the independent variables are measured with errors whose variances differ across observations, a situation that arises, for example, when the explanatory variables in a regression model are estimates of population parameters based on samples of varying sizes. Replacing the error variance that is assumed common to all observations in the standard errors-in-variables estimator by the mean measurement error variance yields a consistent estimator in the case of measurement error heteroskedasticity. However, another estimator, which I call the Heteroskedastic Errors in Variables Estimator (HEIV), is, under standard assumptions, asymptotically more efficient. Simulations show that the efficiency gains are likely to appreciable in practice. In addition, the HEIV estimator, which is equal to the ordinary least squares regression of the dependent variable on the best linear predictor of the true independent variables, is simple to compute with standard regression software.Regression analysis

Recent trends in job displacement

Displaced workers ; Job security ; Unemployment

The decline of job security in the 1990s: displacement, anxiety, and their effect on wage growth

This article shows that job displacement rates for high-seniority workers and a consistently constructed measure of workers' fears of job loss both rose during the 1990s. It then explores the relationship between these measures of job displacement and worker anxiety and wage growth.Job security ; Downsizing of organizations ; Wages