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Aging, Job Mobility, and Compensation

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Author Info
Groot, Wim
Verberne, Maartje
Abstract

Age and tenure are negatively correlated with job mobility. Mobility patterns therefore change over the lifetime. In this paper, the authors analyze job mobility patterns and the way they change with age and tenure. A novelty is that the effects of financial incentives (wage differentials), mobility costs, and nonfinancial incentives (the shadow price for physically arduous labor) are disentangled. It is shown how these elements change with age. The results confirm the authors' hypotheses. The rapid decline in mobility with age is simultaneously caused by declining financial gains, rising costs, and a higher shadow price for older workers. Copyright 1997 by Royal Economic Society.

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Publisher Info
Article provided by Oxford University Press in its journal Oxford Economic Papers.

Volume (Year): 49 (1997)
Issue (Month): 3 (July)
Pages: 380-403
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Handle: RePEc:oup:oxecpp:v:49:y:1997:i:3:p:380-403

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  1. Kai A. Konrad & Harald Künemund & Kjell Erik Lommerud & Julio R. Robledo, 2002. "Geography of the Family," American Economic Review, American Economic Association, vol. 92(4), pages 981-998, September. [Downloadable!]
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  2. Bergin, Adele, 2009. "Job Mobility in Ireland," The Economic and Social Review, Economic and Social Studies, vol. 40(1), pages 15-47. [Downloadable!]
    Other versions:
  3. Doriana Ruffino, 2007. "Resuscitating The Businessman Risk: A Rationale For Familiarity-Based Portfolios," Boston University - Department of Economics - Working Papers Series WP2007-037, Boston University - Department of Economics. [Downloadable!]
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This page was last updated on 2009-12-15.

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