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.