Mobility and stability: the dynamics of job change in labor markets
Industrial Relations Section, Princeton University, 1998 - Business & Economics - 44 pages
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Abraham and Farber altemative analysis beneﬁt supplements coefﬁcient on tenure completed job duration Current Population Survey data on job declines with tenure deﬁned eamings function early in jobs facts ﬁnd ﬁnding ﬁrm ﬁrm-speciﬁc ﬁrst ﬁxed fraction of workers hazard function heterogeneity model human capital model implies incidence of long-term increase 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 Orley Ashenfelter pension and beneﬁt period plant closing pre-displacement tenure present evidence probability of job productivity PSlD rates of job reﬂect relationship between tenure relationships are common relatively retention rates retum to tenure Richard Layard separation rates signiﬁcant speciﬁc capital model speciﬁc human capital stylized facts substantial sufﬁcient Technology shocks testing the speciﬁc Topel United wage offer worker mobility workforce