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Economic TurbulenceIs a Volatile Economy Good for America?$
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Clair Brown, John Haltiwanger, and Julia Lane

Print publication date: 2006

Print ISBN-13: 9780226076324

Published to Chicago Scholarship Online: February 2013

DOI: 10.7208/chicago/9780226076348.001.0001

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PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 27 September 2021

Economic Turbulence and Middle-Income Jobs

Economic Turbulence and Middle-Income Jobs

Chapter:
(p.100) Chapter Seven Economic Turbulence and Middle-Income Jobs
Source:
Economic Turbulence
Author(s):

Clair Brown

Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226076348.003.0007

This chapter describes the effect of economic turbulence on the earnings distribution. Economic turbulence affects the quality and quantity of middle-income jobs. Jobs at the bottom end of the earnings distribution and in low-skilled industries are much less likely to be stable than jobs at the top end and in high-skilled industries. Software and semiconductor industries have the lowest retention rates for workers in the top income category. There is evidence which suggests that firms share their success with their workers; thus, the more productive entering firms share some of that higher productivity with their workers. The positive effects for high-income workers are outweighed by the negative effects for low-income workers. Worker entry and exit has had very little impact on changes in the earnings distributions. Firm entry and exit tended to reduce dramatically the percentage of low-income workers.

Keywords:   economic turbulence, earnings distribution, middle-income jobs, software industry, semiconductor industry, firms, high-income workers, low-income workers

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