Carrillo-Tudela, Carlos; Visschers, Ludo; Wiczer, David - 2022
mobility. Idiosyncratic occupational mobility is the main driver of cyclical earnings risk, mainly due to cyclical shifts in …-paid workers, and through large lifetime earnings losses among high-paid workers who experience forced occupational mobility and … mobility or mobility shocks, we propose a multi-sector business cycle model with on-the-job search and endogenous occupational …