Open AccessPosted Content
Job Mobility and the Careers of Young Men
Reads0
Chats0
TLDR
This paper studied the joint processes of job mobility and wage growth among young men drawn from the Longitudinal Employee-Employer Data and concluded that the process of job changing for young workers, while apparently haphazard, is a critical component of workers' move toward the stable employment relations that characterize mature careers.Abstract:
We study the joint processes of job mobility and wage growth among young men drawn from the Longitudinal Employee-Employer Data. Following individuals at three month intervals from their entry into the labor market, we track career patterns of job changing and the evolution of wages for up to 15 years. Following an initial period of weak attachment to both the labor force and particular employers, careers tend to stabilize in the sense of strong labor force attachment and increasing durability of jobs. During the first 10 years in the labor market, a typical young worker will work for seven employers, which accounts for about two-thirds of the total number of jobs he will hold in his career. The evolution of wages plays a key role in this transition to stable employment: we estimate that wage gains at job changes account for at least a third of early-career wage growth, and that the wage is the key determinant of job changing decisions among young workers. We conclude that the process of job changing for young workers, while apparently haphazard, is a critical component of workers' move toward the stable employment relations that characterize mature careers.read more
Citations
More filters
ReportDOI
Reconciling Trends in U.S. Male Earnings Volatility: Results from a Four Data Set Project
TL;DR: In this paper, the authors provide an overview of a project attempting to reconcile these findings with four different data sets and six different data series--three survey and three administrative data series, including two which match survey respondent data to their administrative data.
Digestible Microfoundations: Buer Stock Saving in a Krusell-Smith World
TL;DR: In this paper, the authors replace the assumption about household income dynamics with a process that matches microeconomic data, and calibrate heterogeneity in time preference rates so that the model matches the observed degree of inequality in the wealth distribution.
Journal ArticleDOI
Managing Portfolio Lives: Flexibility and Privilege Amongst Upscale Restaurant Workers in Los Angeles
TL;DR: In this paper, the authors describe how front-of-the-house service workers navigate portfolio lives, which are sustainable though shifting arrangements of labor and leisure that blur the boundaries between the two.
Posted Content
Cyclical Reallocation of Workers Across Large and Small Employers
TL;DR: In this article, the authors used linked employer-employee data for the U.S. to provide direct evidence on worker reallocation by firm size and found that workers moving directly from one job to another more frequently move from large firms to small firms than the reverse.
Book ChapterDOI
Employers in the Low-Wage Labour Market: Is Their Role Important?
TL;DR: According to the basic framework that economists almost universally use, employers constitute one half of the labour market; yet they have generally accounted for far less than one half in analyses, and especially the empirical work on labour markets as mentioned in this paper.
References
More filters
Journal ArticleDOI
Information and Consumer Behavior
TL;DR: In this article, the authors argue that consumers lack full information about the prices of goods, but their information is probably poorer about the quality variation of products simply because the latter information is more difficult to obtain.
Journal ArticleDOI
Job Matching and the Theory of Turnover
TL;DR: Turnover is generated by the existence of a nondegenerate distribution of the worker's productivity across different jobs as discussed by the authors, caused by the assumed variation in the quality of the employee-employer match.
Posted Content
Analysis of Covariance with Qualitative Data
TL;DR: In this paper, the joint maximum likelihood estimator of the structural parameters is not consistent as the number of groups increases, with a fixed number of observations per group, and a conditional likelihood function is maximized, conditional on sufficient statistics for the incidental parameters.