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Did the Job Ladder Fail after the Great Recession?

Moscarini, G; Postel-Vinay, F; (2016) Did the Job Ladder Fail after the Great Recession? Journal of Labor Economics , 34 (S1) S55-S93. 10.1086/682366. Green open access

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Abstract

We study employment reallocation across employers through the lens of a dynamic job ladder model. Workers always agree on a ranking of employers at all points in time and search for better jobs both off and on the job. A parsimonious version of the model fits well the time series of gross worker flows by employer size from newly available US data from the Job Openings and Labor Turnover Survey. Focusing on the US experience in and around the Great Recession, our evidence indicates that the job ladder stopped working then and has not fully resumed yet.

Type: Article
Title: Did the Job Ladder Fail after the Great Recession?
Open access status: An open access version is available from UCL Discovery
DOI: 10.1086/682366
Publisher version: http://doi.org/10.1086/682366
Language: English
Additional information: This version is the version of record. For information on re-use, please refer to the publisher’s terms and conditions.
Keywords: Social Sciences, Economics, Industrial Relations & Labor, Business & Economics, EMPLOYER SIZE, UNEMPLOYMENT, EQUILIBRIUM
UCL classification: UCL
UCL > Provost and Vice Provost Offices > UCL SLASH
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Economics
URI: https://discovery.ucl.ac.uk/id/eprint/10026031
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