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Journal Article
Dissecting Wage Dispersion
Wages are substantially dispersed across workers, jobs, and employers in the U.S. economy. Although some of that dispersion is due to demographic factors, the authors found that after controlling for those differences, both ?who you are? (the permanent component of wage dispersion) and ?where you work? (the match-specific component of wagedispersion) contribute to the range of wages paid.
Working Paper
Has compensation become more flexible?
In recent years, numerous observers have argued that global competition, increased reliance on contingent workers, and the breakdown of implicit contracts have made compensation practices in the United States more flexible; in particular, employers have become more concerned with how an employee's pay compares to that in other firms and less concerned with considerations of equity or relative pay within the firm. This paper uses establishment-level data from the Bureau of Labor Statistics' Employment Cost Index program to examine this claim by asking whether the variances of compensation ...
Journal Article
Sentiment of the FOMC: Unscripted
San Cannon applies text-mining techniques to FOMC transcripts to identify patterns in Committee discourse over time as well as changes in the relationship between participants? tone and economic activity.