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Working Paper Series
The Extent and Cyclicality of Career Changes: Evidence for the U.K
U.K. data from 1993-2012 suggest that in economic downturns a smaller fraction of unemployed workers change their career when starting a new job. The proportion of total hires involving a career change also drops. This implies that career changes decline during recessions. The results indicate that recessions are times of subdued reallocation rather than of accelerated and involuntary structural transformation.
Cite this item
Carlos Carrillo-Tudela & Bart Hobijn & Powen She & Ludo Visschers, The Extent and Cyclicality of Career Changes: Evidence for the U.K, Federal Reserve Bank of San Francisco, Working Paper Series 2014-21, 27 Aug 2014.
- G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
- J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs
- J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
Keywords: Labour market turnover; occupational and industry mobility; wage growth
This item with handle RePEc:fip:fedfwp:2014-21
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