Structural Adjustment, Turnover and Career Mobility

47 Pages Posted: 17 Jul 2008

See all articles by Spiros Bougheas

Spiros Bougheas

University of Nottingham - School of Economics

Carl Davidson

Michigan State University - Department of Economics

Richard Upward

University of Nottingham - School of Economics

Peter W Wright

University of Sheffield - Department of Economics

Date Written: July 17, 2008

Abstract

We develop a dynamic, stochastic multi-sectoral, equilibrium model that allows for worker turnover, job turnover and career mobility. This serves to bridge the reallocation and job career literatures. Our model makes a number of predictions: a positive correlation between job turnover rates and promotion rates a positive correlation across sectors between mean real income and their corresponding variance; an inverse relationship between sector profitability and both the job turnover rate and income inequality. These predictions are supported empirically.

Keywords: Job Turnover, Worker Turnover, Career Mobility

JEL Classification: J20, J60

Suggested Citation

Bougheas, Spiros and Davidson, Carl and Upward, Richard and Wright, Peter W, Structural Adjustment, Turnover and Career Mobility (July 17, 2008). CEPR Discussion Paper No. 2008/23 . Available at SSRN: https://ssrn.com/abstract=1162088 or http://dx.doi.org/10.2139/ssrn.1162088

Spiros Bougheas (Contact Author)

University of Nottingham - School of Economics ( email )

University Park
Nottingham, NG7 2RD
United Kingdom

Carl Davidson

Michigan State University - Department of Economics ( email )

25 C Marshall-Adams Hall
East Lansing, MI 48824
United States
517-355-7756 (Phone)
517-432-1068 (Fax)

HOME PAGE: http://www.msu.edu/~ec/faculty/davidson/davidson.html

Richard Upward

University of Nottingham - School of Economics ( email )

University Park
Nottingham, NG7 2RD
United Kingdom
+44 115 951 5151 (Phone)
+44 115 951 4159 (Fax)

Peter W Wright

University of Sheffield - Department of Economics ( email )

9 Mappin Street
Sheffield, S1 4DT
UNITED KINGDOM

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