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Job Mobility and the Careers of Young Men
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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
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Panel Estimates of Male and Female Job Turnover Behavior: Can Female Nonquitters be Identified?
Audrey Light,Manuelita Ureta +1 more
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Tenure, Experience, Human Capital, and Wages: A Tractable Equilibrium Search Model of Wage Dynamics
TL;DR: This article developed and estimated an equilibrium job search model of worker careers, allowing for human capital accumulation, employer heterogeneity and individual-level shocks, decomposed into contributions of human capital and job search, within and between jobs.
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Learning by Doing vs. Learning About Match Quality: Can We Tell Them Apart?
TL;DR: In this paper, a structural model that embeds these two learning explana- tions is presented, showing that, while learning-by-doing could be present in the first few months of an employment relationship, learning about match quality dominates at tenures above half a year.
References
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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.