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Structural Adjustment, Turnover and Career Mobility

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Listed:
  • Spiros Bougheas
  • Carl Davidson
  • Richard Upward
  • Peter Wright

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 reallocation and job career literatures. 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, 2008. "Structural Adjustment, Turnover and Career Mobility," Discussion Papers 08/23, University of Nottingham, GEP.
    • Handle: RePEc:not:notgep:08/23
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    References listed on IDEAS

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