Full Citation

Title: Worker Reallocation Across Occupations: Confronting Data with Theory

Citation Type: Miscellaneous

Publication Year: 2015

ISBN:

ISSN:

DOI:

NSFID:

PMCID:

PMID:

Abstract: This paper studies the secular behavior of worker reallocation across occupations in the US labor market. In the empirical analysis, we use 45 years of microdata to construct consistent time-series and document that the fraction of employment reallocated annually across occupations is remarkably stable in the long run. We go beyond description and use an equilibrium model to uncover potential changes in the factors that affect worker reallocation, namely productivity shocks and mobility costs. We uncover their joint evolution by deriving a simple mapping between data and the model. We find little changes overall, except in the period surrounding the Great Recession where both the volatility of productivity shocks and the cost of switching occupations are found to increase.

Url: http://www.efm.bris.ac.uk/el13851/papers/islands.pdf

User Submitted?: No

Authors: Lale, Etienne

Publisher: University of Bristol

Data Collections: IPUMS CPS

Topics: Labor Force and Occupational Structure, Other

Countries: