The Evolution of Earnings Volatility During and After the Great Recession
利用当前人口调查数据，研究大衰退期间及之后男性和女性收入波动性的变化，发现收入波动性显著上升，尤其是男性，其波动性增幅与1980年代初严重衰退时相当。
This paper explores how men's and women's earnings volatility evolved during and after the Great Recession, the most severe downturn of the postwar era. Using matched March Current Population Survey data, I find that earnings volatility rose considerably after the Great Recession began and, particularly for men, the volatility increase was as large as in the severe recession of the early 1980s. These findings update the evidence on the counter‐cyclicality of earnings volatility. I show that such counter‐cyclicality is due mainly to counter‐cyclical volatility in annual hours of work. In turn, the counter‐cyclical volatility in work hours appears mainly among workers who experience unemployment.