Date of this Version
Professor Paul Shaman
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.
demographics, income, job search, factors
Wu, S. (2021). "Econometric Analysis of Labor Income and Job Seeking Disparities in the United States," Summer Program for Undergraduate Research (SPUR). Available at https://repository.upenn.edu/spur/40
Date Posted: 28 January 2022