Please use this identifier to cite or link to this item:
http://doi.org/10.25358/openscience-5998
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 |
Files in This Item:
File | Description | Size | Format | ||
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stijepic_damir-trends_and_cyc-20210604152044960.pdf | 859.5 kB | Adobe PDF | View/Open |