Relationship between the probability that a worker experiences labor market churn in a given month and the worker's predicted wage
realwage | churn |
---|---|
7.434352 | 9.88513% |
9.10678 | 10.76906% |
10.35492 | 9.80829% |
11.48624 | 8.64150% |
12.5153 | 7.47603% |
13.47053 | 6.43255% |
14.32017 | 5.65531% |
15.06847 | 5.14252% |
15.75748 | 4.97294% |
16.47398 | 4.83643% |
17.23629 | 4.70312% |
18.04881 | 4.38314% |
18.92162 | 4.21641% |
19.89284 | 4.00430% |
21.14524 | 3.81151% |
22.76222 | 3.73829% |
24.79336 | 3.74201% |
27.41219 | 3.46091% |
30.4512 | 2.87849% |
35.79802 | 2.30744% |
Notes: Churn is a transition from employment to nonemployment or nonemployment to employment in a given month. The real wage is predicted by demographic characteristics, described in the methodological appendix.
Source: Real wage bins and churn rates calculated from monthly linked observations in the CPS 1998–2016