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The extent and cyclicality of career changes: Evidence for the U.K.

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dc.affiliation.dptoUC3M. Departamento de Economíaes
dc.contributor.authorCarrillo-Tudela, Carlos
dc.contributor.authorHobijn, Bart
dc.contributor.authorShe, Powen
dc.contributor.authorVisschers, Ludo
dc.contributor.funderMinisterio de Ciencia e Innovación (España)es
dc.date.accessioned2023-11-08T11:17:32Z
dc.date.available2023-11-08T11:17:32Z
dc.date.issued2016-05
dc.descriptionPart of special issue: European Labor Market Issues. Edited by Leo Kaas, Aysegul Sahinen
dc.description.abstractUsing quarterly data for the U.K. from 1993 through 2012, we document that the extent of worker reallocation across occupations or industries (a career change, in the parlance of this paper) is high and procyclical. This holds true after controlling for workers' previous labour market status and for changes in the composition of who gets hired over the business cycle. Our evidence suggests that a large part of this reallocation reflect excess churning in the labour market. We also find that the majority of career changes come with wage increases. During the economic expansion wage increases were typically larger for those who change careers than, for those who do not. During the recession this is not true for career changers who were hired from unemployment. Our evidence suggests that understanding career changes over the business cycle is important for explaining labour market flows and the cyclicality of wage growth.en
dc.description.sponsorshipCarlos Carrillo-Tudela acknowledges financial support from the UK Economic and Social Research Council (ESRC), Award reference ES/I037628/1. Ludo Visschers acknowledges financial support from the Juan de la Cierva Fellowship, Project Grant ECO2010-20614 from the Spanish Ministry of Science and Innovation, the Bank of Spain's Programa de Investigacion de Excelencia and from the UK Economic and Social Research Council (ESRC), Award reference ES/LOO9633/1.en
dc.format.extent24
dc.identifier.bibliographicCitationCarrillo-Tudela, C., Hobijn, B., She, P., & Visschers, L. (2016). The Extent and cyclicality of Career Changes: Evidence for the U.K. European Economic Review, 84, 18-41.en
dc.identifier.doihttps://doi.org/10.1016/j.euroecorev.2015.09.008
dc.identifier.issn0014-2921
dc.identifier.publicationfirstpage18
dc.identifier.publicationlastpage41
dc.identifier.publicationtitleEuropean Economic Reviewen
dc.identifier.publicationvolume84
dc.identifier.urihttps://hdl.handle.net/10016/38792
dc.identifier.uxxiAR/0000018657
dc.language.isoengen
dc.publisherElsevieren
dc.relation.projectIDGobierno de España. ECO2010-20614es
dc.rights© 2015 The Authors.en
dc.rightsAtribución 3.0 España*
dc.rights.accessRightsopen accessen
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/es/*
dc.subject.ecienciaEconomíaes
dc.subject.otherLabour market turnoveren
dc.subject.otherOccupational and industry mobilityen
dc.subject.otherWage growthen
dc.titleThe extent and cyclicality of career changes: Evidence for the U.K.en
dc.typeresearch article*
dc.type.hasVersionVoR*
dspace.entity.typePublication
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