Quit rate as a function of the residual wage, by race/ethnicity
| White | Black | Hispanic | |
|---|---|---|---|
| -1 | 0.189913 | 0.129485 | 0.298727 |
| -0.9 | 0.20256 | 0.128574 | 0.178887 |
| -0.8 | 0.194156 | 0.152753 | 0.218328 |
| -0.7 | 0.185029 | 0.069672 | 0.168559 |
| -0.6 | 0.161654 | 0.086714 | 0.144375 |
| -0.5 | 0.137933 | 0.069251 | 0.165405 |
| -0.4 | 0.100783 | 0.077699 | 0.103968 |
| -0.3 | 0.062151 | 0.038851 | 0.073941 |
| -0.2 | 0.04928 | 0.024295 | 0.07169 |
| -0.1 | 0.023869 | 0.020436 | 0.057355 |
| 0 | 0 | 0 | 0 |
| 0.1 | -0.00566 | -0.01357 | -0.02371 |
| 0.2 | -0.01005 | 0.010178 | -0.02934 |
| 0.3 | -0.02244 | -0.00376 | -0.0556 |
| 0.4 | -0.02062 | -0.00897 | -0.01524 |
| 0.5 | -0.0182 | -0.00325 | -0.06125 |
| 0.6 | -0.01961 | -0.0057 | -0.05534 |
| 0.7 | -0.00826 | -0.00263 | -0.02061 |
| 0.8 | -0.01689 | -0.01536 | -0.06262 |
| 0.9 | -0.01087 | -0.00762 | -0.08233 |
| 1 | 0.004361 | 0.074319 | 0.108596 |
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.