The Role of Career Choice in Understanding Job Mobility
This paper presents a simple model that explains how the likelihood of job changes and their complexity changes over a worker's career, and the empirical work presented here uses the life cycle patterns of mobility and their complexity to infer the relative importance of firm-specific versus career-specific concerns as determinants of mobility decisions. The estimates of the model indicate that the contemporaneous presence of two quality matches, one career-specific and one firm-specific, is necessary to understand the patterns of the data. The model also predicts that the welfare losses implied by a disappearance of a career can be on average twice as large as the losses implied by a plant closure. Copyright 2010 CEIS, Fondazione Giacomo Brodolini and Blackwell Publishing Ltd.
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Volume (Year): 24 (2010)
Issue (Month): 2 (06)
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