Earnings mobility and the Great Recession
Objective The Great Recession of 2007‐09 was a very significant economic event with substantial effects across the economy. An important but unexplored consequence of the Great Recession is its effect on income or earnings mobility. In this paper we explore the effect of the Great Recession on earni...
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| Veröffentlicht in: | Social science quarterly 2021-11, Vol.102 (6), p.2718-2732 |
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| container_issue | 6 |
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| container_title | Social science quarterly |
| container_volume | 102 |
| creator | Mullins, Brett Sjoquist, David L. Wallace, Sally |
| description | Objective
The Great Recession of 2007‐09 was a very significant economic event with substantial effects across the economy. An important but unexplored consequence of the Great Recession is its effect on income or earnings mobility. In this paper we explore the effect of the Great Recession on earnings mobility among low‐wage workers.
Methods
Using Georgia administrative data, we identify quarterly earnings of low‐income individuals over 14 years. We calculate earnings mobility indices for 7‐year periods and explore the differences in mobility between the pre‐ and post‐Great Recession periods. We also calculate earnings mobility indices for 51 overlapping three‐year (12‐quarter) intervals over the 2000 to 2015 period.
Results
We find that mobility is greater in the post‐Great Recession period. We also find that there is substantial variation in mobility indices in the post‐2007 period and that the variation in three‐year mobility indices is closely related to the unemployment rate.
Conclusions
The magnitude of earnings mobility was affected by the Great Recession and by the unemployment rate in general. An understanding of earnings mobility during times of economic upheaval helps policy makers better evaluate the overall impact of recessions. |
| doi_str_mv | 10.1111/ssqu.13083 |
| format | Article |
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The Great Recession of 2007‐09 was a very significant economic event with substantial effects across the economy. An important but unexplored consequence of the Great Recession is its effect on income or earnings mobility. In this paper we explore the effect of the Great Recession on earnings mobility among low‐wage workers.
Methods
Using Georgia administrative data, we identify quarterly earnings of low‐income individuals over 14 years. We calculate earnings mobility indices for 7‐year periods and explore the differences in mobility between the pre‐ and post‐Great Recession periods. We also calculate earnings mobility indices for 51 overlapping three‐year (12‐quarter) intervals over the 2000 to 2015 period.
Results
We find that mobility is greater in the post‐Great Recession period. We also find that there is substantial variation in mobility indices in the post‐2007 period and that the variation in three‐year mobility indices is closely related to the unemployment rate.
Conclusions
The magnitude of earnings mobility was affected by the Great Recession and by the unemployment rate in general. An understanding of earnings mobility during times of economic upheaval helps policy makers better evaluate the overall impact of recessions.</description><identifier>ISSN: 0038-4941</identifier><identifier>EISSN: 1540-6237</identifier><identifier>DOI: 10.1111/ssqu.13083</identifier><language>eng</language><publisher>Oxford: Blackwell Publishing Ltd</publisher><subject>Earnings ; earnings mobility ; Economic conditions ; Great Recession ; Indexes ; Low income groups ; low‐wage workers ; Mobility ; Policy analysis ; Policy making ; Recessions ; Socioeconomic status ; Unemployment</subject><ispartof>Social science quarterly, 2021-11, Vol.102 (6), p.2718-2732</ispartof><rights>2021 by the Southwestern Social Science Association</rights><rights>2021 Southwestern Social Science Association</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c3343-b2e1739c6cdbcb66f808cb14b303325a803766781acfca2807e50509c60e10a73</citedby><cites>FETCH-LOGICAL-c3343-b2e1739c6cdbcb66f808cb14b303325a803766781acfca2807e50509c60e10a73</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://onlinelibrary.wiley.com/doi/pdf/10.1111%2Fssqu.13083$$EPDF$$P50$$Gwiley$$H</linktopdf><linktohtml>$$Uhttps://onlinelibrary.wiley.com/doi/full/10.1111%2Fssqu.13083$$EHTML$$P50$$Gwiley$$H</linktohtml><link.rule.ids>314,777,781,1412,27847,27905,27906,33755,45555,45556</link.rule.ids></links><search><creatorcontrib>Mullins, Brett</creatorcontrib><creatorcontrib>Sjoquist, David L.</creatorcontrib><creatorcontrib>Wallace, Sally</creatorcontrib><title>Earnings mobility and the Great Recession</title><title>Social science quarterly</title><description>Objective
The Great Recession of 2007‐09 was a very significant economic event with substantial effects across the economy. An important but unexplored consequence of the Great Recession is its effect on income or earnings mobility. In this paper we explore the effect of the Great Recession on earnings mobility among low‐wage workers.
Methods
Using Georgia administrative data, we identify quarterly earnings of low‐income individuals over 14 years. We calculate earnings mobility indices for 7‐year periods and explore the differences in mobility between the pre‐ and post‐Great Recession periods. We also calculate earnings mobility indices for 51 overlapping three‐year (12‐quarter) intervals over the 2000 to 2015 period.
Results
We find that mobility is greater in the post‐Great Recession period. We also find that there is substantial variation in mobility indices in the post‐2007 period and that the variation in three‐year mobility indices is closely related to the unemployment rate.
Conclusions
The magnitude of earnings mobility was affected by the Great Recession and by the unemployment rate in general. An understanding of earnings mobility during times of economic upheaval helps policy makers better evaluate the overall impact of recessions.</description><subject>Earnings</subject><subject>earnings mobility</subject><subject>Economic conditions</subject><subject>Great Recession</subject><subject>Indexes</subject><subject>Low income groups</subject><subject>low‐wage workers</subject><subject>Mobility</subject><subject>Policy analysis</subject><subject>Policy making</subject><subject>Recessions</subject><subject>Socioeconomic status</subject><subject>Unemployment</subject><issn>0038-4941</issn><issn>1540-6237</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2021</creationdate><recordtype>article</recordtype><sourceid>7TQ</sourceid><sourceid>7UB</sourceid><sourceid>BHHNA</sourceid><recordid>eNp9kEFLAzEQhYMoWKsXf8GCJ4WtM5lskj1KaatQEK09h2ya1S3tbptskf57t65n5_Iu33sDH2O3CCPs7jHG_WGEBJrO2AAzAankpM7ZAIB0KnKBl-wqxjUACC70gN1PbKir-jMm26aoNlV7TGy9Stovn8yCt23y7p2PsWrqa3ZR2k30N385ZMvp5GP8nM5fZy_jp3nqiASlBfeoKHfSrQpXSFlq0K5AURAQ8cxqICWl0mhd6SzXoHwGGXQF8AhW0ZDd9bu70OwPPrZm3RxC3b00XGKWI89U3lEPPeVCE2PwpdmFamvD0SCYkwpzUmF-VXQw9vB3tfHHf0izWLwt-84PDSJfDA</recordid><startdate>202111</startdate><enddate>202111</enddate><creator>Mullins, Brett</creator><creator>Sjoquist, David L.</creator><creator>Wallace, Sally</creator><general>Blackwell Publishing Ltd</general><scope>AAYXX</scope><scope>CITATION</scope><scope>7TQ</scope><scope>7U4</scope><scope>7UB</scope><scope>8BJ</scope><scope>BHHNA</scope><scope>DHY</scope><scope>DON</scope><scope>DWI</scope><scope>FQK</scope><scope>JBE</scope><scope>WZK</scope></search><sort><creationdate>202111</creationdate><title>Earnings mobility and the Great Recession</title><author>Mullins, Brett ; Sjoquist, David L. ; Wallace, Sally</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c3343-b2e1739c6cdbcb66f808cb14b303325a803766781acfca2807e50509c60e10a73</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2021</creationdate><topic>Earnings</topic><topic>earnings mobility</topic><topic>Economic conditions</topic><topic>Great Recession</topic><topic>Indexes</topic><topic>Low income groups</topic><topic>low‐wage workers</topic><topic>Mobility</topic><topic>Policy analysis</topic><topic>Policy making</topic><topic>Recessions</topic><topic>Socioeconomic status</topic><topic>Unemployment</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Mullins, Brett</creatorcontrib><creatorcontrib>Sjoquist, David L.</creatorcontrib><creatorcontrib>Wallace, Sally</creatorcontrib><collection>CrossRef</collection><collection>PAIS Index</collection><collection>Sociological Abstracts (pre-2017)</collection><collection>Worldwide Political Science Abstracts</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>Sociological Abstracts</collection><collection>PAIS International</collection><collection>PAIS International (Ovid)</collection><collection>Sociological Abstracts</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><collection>Sociological Abstracts (Ovid)</collection><jtitle>Social science quarterly</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Mullins, Brett</au><au>Sjoquist, David L.</au><au>Wallace, Sally</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Earnings mobility and the Great Recession</atitle><jtitle>Social science quarterly</jtitle><date>2021-11</date><risdate>2021</risdate><volume>102</volume><issue>6</issue><spage>2718</spage><epage>2732</epage><pages>2718-2732</pages><issn>0038-4941</issn><eissn>1540-6237</eissn><abstract>Objective
The Great Recession of 2007‐09 was a very significant economic event with substantial effects across the economy. An important but unexplored consequence of the Great Recession is its effect on income or earnings mobility. In this paper we explore the effect of the Great Recession on earnings mobility among low‐wage workers.
Methods
Using Georgia administrative data, we identify quarterly earnings of low‐income individuals over 14 years. We calculate earnings mobility indices for 7‐year periods and explore the differences in mobility between the pre‐ and post‐Great Recession periods. We also calculate earnings mobility indices for 51 overlapping three‐year (12‐quarter) intervals over the 2000 to 2015 period.
Results
We find that mobility is greater in the post‐Great Recession period. We also find that there is substantial variation in mobility indices in the post‐2007 period and that the variation in three‐year mobility indices is closely related to the unemployment rate.
Conclusions
The magnitude of earnings mobility was affected by the Great Recession and by the unemployment rate in general. An understanding of earnings mobility during times of economic upheaval helps policy makers better evaluate the overall impact of recessions.</abstract><cop>Oxford</cop><pub>Blackwell Publishing Ltd</pub><doi>10.1111/ssqu.13083</doi><tpages>15</tpages></addata></record> |
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| ispartof | Social science quarterly, 2021-11, Vol.102 (6), p.2718-2732 |
| issn | 0038-4941 1540-6237 |
| language | eng |
| recordid | cdi_proquest_journals_2615912579 |
| source | Wiley Online Library Journals Frontfile Complete; PAIS Index; Worldwide Political Science Abstracts; Business Source Complete; Sociological Abstracts |
| subjects | Earnings earnings mobility Economic conditions Great Recession Indexes Low income groups low‐wage workers Mobility Policy analysis Policy making Recessions Socioeconomic status Unemployment |
| title | Earnings mobility and the Great Recession |
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