Quit rate as a function of the residual wage for all workers
| Everyone | |
|---|---|
| -1 | 0.200508 |
| -0.9 | 0.179179 |
| -0.8 | 0.185012 |
| -0.7 | 0.168296 |
| -0.6 | 0.13767 |
| -0.5 | 0.122989 |
| -0.4 | 0.09342 |
| -0.3 | 0.057343 |
| -0.2 | 0.037906 |
| -0.1 | 0.011954 |
| 0 | 0 |
| 0.1 | -0.01106 |
| 0.2 | -0.02715 |
| 0.3 | -0.01933 |
| 0.4 | -0.03426 |
| 0.5 | -0.01976 |
| 0.6 | -0.02593 |
| 0.7 | -0.02396 |
| 0.8 | -0.01699 |
| 0.9 | -0.02102 |
| 1 | 0.00724 |
Notes: Authors’ calculations using SIPP data from the 2004, 2008, and 2014 panels. Slope of each line for each group represents the quit elasticity, with steeper slopes representing a higher elasticity. Residual wage is the hourly wage adjusted for demographic characteristics, human capital, and survey year. The y-axis is the quit rate at each residual wage level relative to the quit rate at a residual wage of zero, or the average residual wage. Differences along axes are percent differences (e.g., a difference of 0.2 is a 20% difference).
Source: Authors’ analysis of Survey of Income and Program Participation (SIPP) data.