Mismatch versus derived-demand shift as causes of labour mobility

Clive Bull, Boyan Jovanovic

    Research output: Contribution to journalArticle

    Abstract

    Labour mobility may be caused by shifts in the derived demand for labour on the part of firms or sectors, or it may be caused by mismatches between workers and their jobs. Both reasons may be important, and this paper merges them into one model. It explores the consequences for (a) wage-tenure relationships and (b) the issue of sluggishness of wages caused by the implied selectivity of workers into preferred jobs and sectors.

    Original languageEnglish (US)
    Pages (from-to)169-175
    Number of pages7
    JournalReview of Economic Studies
    Volume55
    Issue number1
    DOIs
    StatePublished - Jan 1988

    ASJC Scopus subject areas

    • Economics and Econometrics

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