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Title: The Job Ladder

Citation Type: Working Paper

Publication Year: 2004

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Abstract: Modern search and matching theories view labor markets as job ladders. Workers search for good matches while unemployed and while employed. Employment with a particular firm ends either when the job is destroyed or when a worker finds a better opportunity. This simple structure yields several strong predictions. On the job wage growth is zero. Incomes increase as workers move from lower paying to higher paying jobs, occasionally interrupted by spells of unemployment as some jobs are destroyed and the worker has to start over again on the lower rungs of the ladder. Of course, this job ladder view of the labor market is necessarily false in some dimensions. Understanding what those dimensions are and how and why the job ladder paradigm fails is the major purpose of this paper.

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Authors: Neumann, G.R.; Bowlus, A.J.

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Data Collections: IPUMS USA

Topics: Labor Force and Occupational Structure

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