Did the Job Ladder Fail after the Great Recession?

Giuseppe Moscarini and Fabien Postel-Vinay

Journal of Labor Economics, 2016, vol. 34, issue S1, S55 - S93

Abstract: We study employment reallocation across employers through the lens ofa dynamic job ladder model. Workers always agree on a ranking ofemployers at all points in time and search for better jobs both offand on the job. A parsimonious version of the model fits well the timeseries of gross worker flows by employer size from newly available USdata from the Job Openings and Labor Turnover Survey. Focusing on the US experience in and around the Great Recession, our evidence indicates that the job ladder stopped working then and has not fully resumed yet.

Date: 2016
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Related works:
Working Paper: Did the Job Ladder Fail After the Great Recession? (2016)
Working Paper: Did the Job Ladder Fail After the Great Recession? (2016)
Chapter: Did the Job Ladder Fail after the Great Recession? (2013)
Working Paper: Did the Job Ladder Fail After the Great Recession? (2013)
Working Paper: Did the job ladder fail after the Great Recession? (2013)
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