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
ROR:	https://ror.org/023b0x485
DOI:	http://doi.org/10.25358/openscience-5998
Version:	Published version
Publication type:	Zeitschriftenaufsatz
License:	CC BY-NC
Information on rights of use:	https://creativecommons.org/licenses/by-nc/4.0/
Journal:	The Manchester School 89 2
Pages or article number:	203 222
Publisher:	Wiley-Blackwell
Publisher place:	Oxford u.a.
Issue date:	2021
ISSN:	1467-9957
Publisher URL:	https://doi.org/10.1111/manc.12355
Publisher DOI:	10.1111/manc.12355
Appears in collections:	JGU-Publikationen