Job turnover, wage rates, and marital stability: How are they related? |
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Authors: | Avner Ahituv Robert I Lerman |
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Institution: | (1) Carmel Academic Center, Haifa, Israel;(2) American University, Urban Institute, and IZA, 2100 M Street, NW, Washington, DC 20037, USA |
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Abstract: | This study examines the interplay between job stability, wage rates, and marital stability. We use a Dynamic Selection Control
model in which young men make sequential choices about work and family and estimate the model using an approach that takes
account of self-selection, simultaneity and unobserved heterogeneity. The results quantify how job stability affects wage
rates, how both affect marital status, and how marital status affects earnings and job stability. The study reveals robust
evidence that job changes lower wages and the likelihood of getting married and remaining married. At the same time, marriage
raises wage rates and job stability. To project the sequential effects linking job change, marital status, and earnings, we
simulate the impacts of shocks that raise preferences for marriage and that increase education. Feedback effects cause the
simulated wage gains from marriage to cumulate over time, indicating that long-run marriage wage premiums exceed conventional
short-run estimates. |
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Keywords: | |
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