Earnings, labor market dynamics, and inequality in Sweden
基于瑞典登记数据，构建了就业与工作变动内生的收入与劳动力市场动态模型，通过间接推断方法估计，并用于政策实验。发现早期就业冲击更易缓解，异质性生产率冲击、未观测异质性和教育对生命周期收入不平等贡献显著，就业风险暂时冲击短期负面但中期可能增加劳动力流动性。
Abstract In this paper, we develop a comprehensive model of earnings and labor market dynamics, where employment and job change are endogenous. The model is estimated by applying the method of indirect inference on Swedish register data, and then used to carry out some policy experiments. There are three key conclusions from these experiments. First, employment shocks early in life can, to a larger extent, be mitigated before retirement compared with employment shocks occurring later. Second, we find that idiosyncratic productivity shocks, unobserved heterogeneity, and education contribute substantially to life‐cycle earnings inequality. Finally, we find that transitory shocks to employment risk have negative effects on earnings and employment in the short run but may increase labor market fluidity in the medium run.