Structural Adjustment, Turnover and Career Mobility
47 Pages Posted: 17 Jul 2008
Date Written: July 17, 2008
Abstract
We develop a dynamic, stochastic multi-sectoral, equilibrium model that allows for worker turnover, job turnover and career mobility. This serves to bridge the reallocation and job career literatures. Our model makes a number of predictions: a positive correlation between job turnover rates and promotion rates a positive correlation across sectors between mean real income and their corresponding variance; an inverse relationship between sector profitability and both the job turnover rate and income inequality. These predictions are supported empirically.
Keywords: Job Turnover, Worker Turnover, Career Mobility
JEL Classification: J20, J60
Suggested Citation: Suggested Citation
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