Mobility and Stability: The Dynamics of Job Change in Labor Markets |
Common terms and phrases
Abraham and Farber accumulated specific capital analysis benefit supplements coefficient on tenure compensation structure completed job duration current employer Current Population Survey data on job declines with tenure early in jobs ex ante facts firm-specific capital fraction of workers hazard function heterogeneity model human capital model implies important incidence of long-term increase instrumental variable job change declines job losers job loss rates job stability job tenure jobs end early Labor Economics labor market experience layoff long-term employment relationships lost job mobility rates mobility supplements model of specific NLSY OLS estimates period plant closing pre-displacement tenure present evidence probability of job productivity PSID rates of job relationship between tenure relationships are common relatively result retention rates return to tenure separation rates specific capital model specific human capital stylized facts substantial survivor function Technology shocks Topel United wage growth wage offer worker mobility workers aged workforce