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Authors: Stijepic, Damir
Title: Trends and cycles in U.S. job mobility
Online publication date: 22-Jun-2021
Year of first publication: 2021
Language: english
Abstract: Recent studies document a decline in U.S. labor-market fluidity from as early as the 1970s on. Making use of the Annual Social and Economic supplement to the Current Population Survey, I uncover a pronounced increase in job-to-job mobility from the 1970s to the 1990s, i.e. the annual share of continuously employed job-to-job movers rises from 5.9% of the labor force in 1975–1979 to 8.8% in 1995–1999. Job-to-job mobility exhibits a downward trend only since the turn of the millennium. In order to provide a formal economic interpretation, I additionally estimate the parameters of the random on-the-job search model. Furthermore, I document that job-to-job mobility has an unconditional correlation of −0.86 with the unemployment rate at business-cycle frequencies in 1975–2017, varying by around 3 percentage points over the business cycle.
DDC: 330 Wirtschaft
330 Economics
Institution: Johannes Gutenberg-Universität Mainz
Department: FB 03 Rechts- und Wirtschaftswissenschaften
Place: Mainz
Version: Published version
Publication type: Zeitschriftenaufsatz
License: CC BY-NC
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Journal: The Manchester School
Pages or article number: 203
Publisher: Wiley-Blackwell
Publisher place: Oxford u.a.
Issue date: 2021
ISSN: 1467-9957
Publisher URL:
Publisher DOI: 10.1111/manc.12355
Appears in collections:JGU-Publikationen

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