Job-to-Job Flows in the Great Recession
- (pp. 580-83)
Abstract
We develop prototype job-to-job flow measures to provide new evidence on labor turnover and earnings dynamics in the Great Recession. We find a sharp drop in job mobility in the Great Recession, much sharper than the previous recession, and higher earnings penalties for job transitions with an intervening nonemployment spell. Focusing on residential construction separators in particular, we find increasing rates of industry change and higher earnings penalties from job change in the Great Recession.Citation
Hyatt, Henry, and Erika McEntarfer. 2012. "Job-to-Job Flows in the Great Recession." American Economic Review, 102 (3): 580-83. DOI: 10.1257/aer.102.3.580JEL Classification
- E32 Business Fluctuations; Cycles
- E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital
- J21 Labor Force and Employment, Size, and Structure