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Structural adjustment, job turnover and career progression

Spiros Bougheas, Carl Davidson (), Richard Upward and Peter Wright
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Carl Davidson: Michigan State University

No 14, Gecomplexity Discussion Paper Series from Action IS1104 "The EU in the new complex geography of economic systems: models, tools and policy evaluation"

Abstract: We develop a dynamic, stochastic, multi-sectoral, equilibrium model that allows for worker turnover, job turnover and career mobility. This serves to bridge the literatures on job reallocation and career progression. Our model makes a number of predictions: a positive correlation between job turnover rates and promotion rates; a positive correlation across sectors between mean real income and their corresponding variance; an inverse relationship between sector profitability and both the job turnover rate and income inequality. These predictions are supported empirically.

Keywords: Worker turnover; job turnover; career mobility (search for similar items in EconPapers)
JEL-codes: J24 J62 J63 (search for similar items in EconPapers)
Pages: 52 pages
Date: 2015-09, Revised 2015-09
New Economics Papers: this item is included in nep-dge, nep-lab and nep-ltv
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http://www.gecomplexity-cost.eu/repec/cst/wpaper/geco_dp_14.pdf First version, 2015 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:cst:wpaper:14

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