Abstract

http://ssrn.com/abstract=2017672
 
 

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Job-to-Job Flows and the Business Cycle


Henry R. Hyatt


U.S. Census Bureau - Center for Economic Studies

Erika McEntarfer


U.S. Census Bureau

March 1, 2012

US Census Bureau Center for Economic Studies Paper No. CES-WP-12-04

Abstract:     
Job-to-job flows represent one of the most significant opportunities for the development of new economic statistics, having been made possible by the increased availability of matched employer-employee datasets for statistical tabulation. In this paper, we analyze a new database of job-to-job flows from 1999 to 2010 in the United States. This analysis provides definitive benchmarks on gross employment flows, origin and destination industries, nonemployment, and associated earnings. To demonstrate the usefulness of these statistics, we evaluate them in the context of the recessions of 2001 and 2007, as well as the economic expansion between the two. We find a sharp drop in job mobility in the Great Recession, much sharper than the previous recession, and higher earnings penalties for job transitions with an intervening nonemployment spell. This fall in job mobility is found within all age groups but is largest among younger workers. We also examine outcomes for displaced workers and examine labor market adjustment in several specific industries. Generally, we find higher rates of nonemployment upon job separation, increasing rates of industry change and higher earnings penalties from job change in the Great Recession.

Number of Pages in PDF File: 47

JEL Classification: J63, J64

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Date posted: March 8, 2012  

Suggested Citation

Hyatt, Henry R. and McEntarfer, Erika, Job-to-Job Flows and the Business Cycle (March 1, 2012). US Census Bureau Center for Economic Studies Paper No. CES-WP-12-04. Available at SSRN: http://ssrn.com/abstract=2017672 or http://dx.doi.org/10.2139/ssrn.2017672

Contact Information

Henry R. Hyatt
U.S. Census Bureau - Center for Economic Studies ( email )
4700 Silver Hill Road
Washington, DC 20233
United States
Erika McEntarfer (Contact Author)
U.S. Census Bureau ( email )
Washington, DC 20233
United States
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