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Structural adjustment, job turnover and career progression

Author

Listed:
  • Spiros Bougheas

    (University of Nottingham)

  • Carl Davidson

    (Michigan State University)

  • Richard Upward

    (University of Nottingham)

  • Peter Wright

    (University of Sheffield)

Abstract

We develop a dynamic, stochastic, multi-sectoral, equilibrium model that allows for worker turnover, job turnover and career mobility. This serves to bridge the literatures on job reallocation and career progression. Our model makes a number of predictions: a positive correlation between job turnover rates and promotion rates; a positive correlation across sectors between mean real income and their corresponding variance; an inverse relationship between sector profitability and both the job turnover rate and income inequality. These predictions are supported empirically.

Suggested Citation

  • Spiros Bougheas & Carl Davidson & Richard Upward & Peter Wright, 2015. "Structural adjustment, job turnover and career progression," Gecomplexity Discussion Paper Series 14, Action IS1104 "The EU in the new complex geography of economic systems: models, tools and policy evaluation", revised Sep 2015.
    • Handle: RePEc:cst:wpaper:14
    as

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    File URL: http://www.gecomplexity-cost.eu/repec/cst/wpaper/geco_dp_14.pdf
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    References listed on IDEAS

    as
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    More about this item

    Keywords

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    JEL classification:

    • J62 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Job, Occupational and Intergenerational Mobility; Promotion
    • J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity

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