The extent and cyclicality of career changes: evidence for the U.K

U.K. data from 1993-2012 suggest that in economic downturns a smaller fraction of unemployed workers change their career when starting a new job. The proportion of total hires involving a career change also drops. This implies that career changes decline during recessions. The results indicate that recessions are times of subdued reallocation rather than of accelerated and involuntary structural transformation.

MoreLess

Year of publication:	2014-08
Authors:	Hobijn, Bart ; Carrillo-Tudela, Carlos ; She, Powen ; Visschers, Ludo
Institutions:	Federal Reserve Bank of San Francisco
Subject:	Labour market turnover \| occupational and industry mobility \| wage growth

More details

Extent:	application/pdf
Series:	Working Paper Series.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Working Paper Series Number 2014-21 34 pages
Classification:	G10 - General Financial Markets. General ; J63 - Turnover; Vacancies; Layoffs ; J64 - Unemployment: Models, Duration, Incidence, and Job Search
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010892278