Globalisation and Labour Markets Research Paper 2008 / 23 Structural Adjustment , Turnover and Career Mobility
نویسندگان
چکیده
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. JEL classification: J20, J60
منابع مشابه
Globalisation and Labour Markets Programme Research Paper 2002 / 18 Structural Adjustment and the Sectoral and Geographical Mobility of Labour
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