Structural Adjustment, Turnover and Career Mobility

Spiros Bougheas, Carl Davidson (), Richard Upward and Peter Wright

Discussion Papers from University of Nottingham, GEP

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 reallocation and job career literatures. 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: Job Turnover; Worker Turnover; Career Mobility (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:not:notgep:08/23

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