Aging, Job Mobility, and Compensation

Wim Groot and Maartje Verberne

Oxford Economic Papers, 1997, vol. 49, issue 3, 380-403

Abstract: Age and tenure are negatively correlated with job mobility. Mobility patterns therefore change over the lifetime. In this paper, the authors analyze job mobility patterns and the way they change with age and tenure. A novelty is that the effects of financial incentives (wage differentials), mobility costs, and nonfinancial incentives (the shadow price for physically arduous labor) are disentangled. It is shown how these elements change with age. The results confirm the authors' hypotheses. The rapid decline in mobility with age is simultaneously caused by declining financial gains, rising costs, and a higher shadow price for older workers. Copyright 1997 by Royal Economic Society.

Date: 1997
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