Document Type

Working Paper

Date of this Version

10-15-2021

Advisor

Professor Paul Shaman

Abstract

In the labor market of the United States, a wide range of socioeconomic and demographic factors impact workers’ income and decisions to seek new jobs, which are two critical metrics of labor income dynamics. Studies of income dynamics have historically been examining major demographic and situational factors such as marital and family matters of Americans from the 1960s to 2000s. However, Technological breakthroughs have drastically changed the landscape of the labor force and economy, and individuals face a more complex and diverse context. This paper recognizes the need to analyze the factors behind these two income dynamics metrics in the contemporary setting. This paper confirms that the wages and other types of income of the cohort (born in 1980s and 1990s) in the United States are explained by personal demographics, living habits, and family background conditions. This paper also finds a series of factors, such as region, marital status, and education, to be significant in determining whether individuals will seek a new full-time job over time. This paper limits itself to predictive and forensic analysis and leaves the question of job search motivations to authors of related areas.

Keywords

demographics, income, job search, factors

Share

COinS
 

Date Posted: 28 January 2022

 

To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.