Full Citation

Title: Trends and cycles in U.S. job mobility

Citation Type: Journal Article

Publication Year: 2021

ISBN:

ISSN: 1467-9957

DOI: 10.1111/MANC.12355

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Abstract: Recent studies document a decline in U.S. labor-market fluidity from as early as the 1970s on. Making use of the Annual Social and Economic supplement to the Current Population Survey, I uncover a pronounced increase in job-to-job mobility from the 1970s to the 1990s, i.e. the annual share of continuously employed job-to-job movers rises from 5.9% of the labor force in 1975–1979 to 8.8% in 1995–1999. Job-to-job mobility exhibits a downward trend only since the turn of the millennium. In order to provide a formal economic interpretation, I additionally estimate the parameters of the random on-the-job search model. Furthermore, I document that job-to-job mobility has an unconditional correlation of −0.86 with the unemployment rate at business-cycle frequencies in 1975–2017, varying by around 3 percentage points over the business cycle.

Url: https://onlinelibrary.wiley.com/doi/10.1111/manc.12355

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Authors: Stijepic, Damir

Periodical (Full): The Manchester School

Issue: 2

Volume: 89

Pages: 203-222

Data Collections: IPUMS CPS

Topics: Labor Force and Occupational Structure, Poverty and Welfare

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