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Aging, Job Mobility, and Compensation

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  • 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.

Suggested Citation

  • Groot, Wim & Verberne, Maartje, 1997. "Aging, Job Mobility, and Compensation," Oxford Economic Papers, Oxford University Press, vol. 49(3), pages 380-403, July.
  • Handle: RePEc:oup:oxecpp:v:49:y:1997:i:3:p:380-403
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    Cited by:

    1. Ghosh, Suman, 2007. "Job mobility and careers in firms," Labour Economics, Elsevier, vol. 14(3), pages 603-621, June.
    2. repec:ris:apltrx:0336 is not listed on IDEAS
    3. Erhan Artuc, 2009. "Intergenerational Effects of Trade Liberalization," 2009 Meeting Papers 870, Society for Economic Dynamics.
    4. Bergin, Adele, 2009. "Job Mobility in Ireland," The Economic and Social Review, Economic and Social Studies, vol. 40(1), pages 15-47.
    5. Anna Huysse-Gaytandjieva & Wim Groot & Milena Pavlova, 2013. "A New Perspective on Job Lock," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 112(3), pages 587-610, July.
    6. Helmut Rainer & Thomas Siedler, 2009. "O Brother, Where Art Thou? The Effects of Having a Sibling on Geographic Mobility and Labour Market Outcomes," Economica, London School of Economics and Political Science, vol. 76(303), pages 528-556, July.
    7. 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.
    8. Piera Bello & Vincenzo Galasso, 2015. "Old Before their Time: The Role of Employers in Retirement Decisions," CESifo Working Paper Series 5667, CESifo Group Munich.
    9. 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.

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