Structural Adjustment, Turnover and Career Mobility
47 Pages Posted: 17 Jul 2008
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: Suggested Citation
Do you have a job opening that you would like to promote on SSRN?
Recommended Papers
-
A Matching Model with Endogenous Skill Requirements
By James Albrecht and Susan Vroman
-
A Matching Model with Endogenous Skill Requirements
By James Albrecht and Susan Vroman
-
Unemployment and Search Externalities in a Model with Heterogeneous Jobs and Workers
-
On-the-Job Search in a Matching Model with Heterogeneous Jobs and Workers
By Juan Jose Dolado, Marcel Jansen, ...
-
On-the-Job Search in a Matching Model with Heterogenous Jobs and Workers
By Juan Jose Dolado, Marcel Jansen, ...
-
On the Job Search in a Matching Model with Heterogeneous Jobs and Workers
By Juan Jose Dolado, Marcel Jansen, ...
-
On-the-Job Search in a Matching Model with Heterogeneous Jobs and Workers
By Juan Jose Dolado, Marcel Jansen, ...
-
Can the Mortensen-Pissarides Model with Productivity Changes Explain U.S. Wage Inequalities?
-
By James Albrecht, Gerard J. Van Den Berg, ...
-
Empirical Matching Functions: Searchers, Vacancies, and (Un-)Biased Elasticities
By Uwe Sunde
