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
Journal ArticleDOI
A Theory of Wage and Promotion Dynamics Inside Firms
Robert Gibbons,Michael Waldman +1 more
TL;DR: In this article, a framework that integrates job assignment, human-capital acquisition, and learning captures several empirical findings concerning wage and promotion dynamics inside firms, including the following: real-wage decreases are not rare but demotions are.
Journal ArticleDOI
Men's Career Development and Marriage Timing During a Period of Rising Inequality
TL;DR: This article investigated the implications of economic inequality for young men's marriage timing and found that large race/schooling differences in career development lead to substantial variations in marriage timing, and that these variables have a substantial impact on marriage formation for both blacks and whites.
Journal ArticleDOI
Inventors and invention processes in Europe: Results from the PatVal-EU survey
Paola Giuri,Myriam Mariani,Stefano Brusoni,Gustavo Crespi,Dominique Francoz,Alfonso Gambardella,Walter Garcia-Fontes,Aldo Geuna,Raul Gonzales,Dietmar Harhoff,Karin Hoisl,Christian Le Bas,Alessandra Luzzi,Laura Magazzini,Lionel Nesta,Önder Nomaler,Neus Palomeras,Pari Patel,Marzia Romanelli,Bart Verspagen +19 more
TL;DR: In this paper, a survey of the inventors of 9017 European patented inventions is presented, which provides new information about the characteristics of European inventors, the sources of their knowledge, the importance of formal and informal collaborations, the motivations to invent, and the actual use and economic value of the patents.
Journal ArticleDOI
Learning Your Earning: Are Labor Income Shocks Really Very Persistent? ∗
TL;DR: In this article, the authors examine the risk situation facing individuals in the labor market and examine how it alters individuals' consumption-saving decision, assuming that individuals do not know their pro-les exactly at the beginning of life, but learn in a Bayesian way with successive income observations.
Journal ArticleDOI
Who Leaves, Where to, and Why Worry? Employee Mobility, Employee Entrepreneurship, and Effects on Source Firm Performance
TL;DR: Using linked employee-employer data from the U.S. Census Bureau on legal services, it is found that employees with higher earnings are less likely to leave relative to employees with lower earnings, but if they do leave, they are more likely to move to a spin-out instead of an incumbent firm.
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.