Hyatt, Henry R. - In: IZA World of Labor (2015)
As part of a more general process of employment reallocation from less to more productive employers, job-to-job flows … the US, for example, the job-to-job flow rate is now at an all-time low. While job-to-job flows are a means of boosting … their jobs. Furthermore, when job-to-job flows are lower, firms and workers incur fewer costs related to job transitions …