000			02049cam a22003377 4500
001			w1832
003			NBER
005			20211020115131.0
006			m o d
007			cr cnu||||||||
008			210910s1986 mau fo 000 0 eng d
100	1		_aAbowd, John M. _94425
245	1	0	_aOn the Covariance Structure of Earnings and Hours Changes / _cJohn M. Abowd, David Card.
260			_aCambridge, Mass. _bNational Bureau of Economic Research _c1986.
300			_a1 online resource: _billustrations (black and white);
490	1		_aNBER working paper series _vno. w1832
500			_aFebruary 1986.
520	3		_aThis paper presents an empirical analysis of changes in individual earnings and hours over time. Using longitudinal data from three panel surveys,we catalogue the main features of the covariance structure of changes in earnings and hours. We then present an interpretation of these features in terms of both a life-cycle labor supply model and a fixed-wage labor contract model. Our major findings are:(1) there is a remarkable similarity in the covariance structure of earnings and hours changes across the three surveys; and (2) apart from simple measurement error, the major component of variance in earnings and hours affects earnings and hours equi-proportionately.
530			_aHardcopy version available to institutional subscribers
538			_aSystem requirements: Adobe [Acrobat] Reader required for PDF files.
538			_aMode of access: World Wide Web.
588	0		_aPrint version record
690		7	_aJ - Labor and Demographic Economics _2Journal of Economic Literature class.
690		7	_aC - Mathematical and Quantitative Methods _2Journal of Economic Literature class.
700	1		_aCard, David. _97387
710	2		_aNational Bureau of Economic Research.
830		0	_aWorking Paper Series (National Bureau of Economic Research) _vno. w1832.
856	4	0	_uhttps://www.nber.org/papers/w1832
856			_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w1832
942			_2ddc _cW-PAPER
999			_c346721 _d305283