Abstract
This paper uses an integrated employer-employee data-set to answer two key questions: (i) What is the equilibrium amount of worker reallocation? (ii) How much does firm-level job reallocation affect worker reallocation? About 26% of workers who had previously exhibited a substantial degree of attachment to their employer change jobs in a given year. About two-thirds of this reallocation is roughly evenly split within and across broadly defined industries. Firm-level job and worker reallocation substantially increases the probability of transition for even the most stable group of workers, even after controlling for individual characteristics and firm and industry tenure.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 1-20 |
| Number of pages | 20 |
| Journal | Economica |
| Volume | 74 |
| Issue number | 293 |
| DOIs | |
| State | Published - Feb 2007 |
ASJC Scopus subject areas
- Economics and Econometrics