Search Results

Source: Macroeconomic Dynamics
Resulting in 2 citations.
1. Mukoyama, Toshihiko
Zhang, Gang
Jobs Before College Completion and Career Building of Young Workers Through Job Switching
Macroeconomic Dynamics 23 (2019): 2892-2940.
Also: https://doi:10.1017/S1365100517000992
Cohort(s): NLSY79
Publisher: Cambridge University Press
Keyword(s): College Graduates; Employment, In-School; Occupations; Wage Growth

Permission to reprint the abstract has not been received from the publisher.

We analyze job switching and wage growth of young workers, separately considering the jobs experienced by workers before and after college completion. These two groups of jobs consist of very different occupational compositions. Workers with many jobs before college completion (JBCC) and with little or no job experiences before college completion have similar subsequent wage paths. These facts can be interpreted that JBCC contribute less to career building compared to the ones after college completion. If we disregard all JBCC, the number of jobs that are experienced by workers before age 35 are about three jobs fewer than the total number of jobs.
Bibliography Citation
Mukoyama, Toshihiko and Gang Zhang. "Jobs Before College Completion and Career Building of Young Workers Through Job Switching." Macroeconomic Dynamics 23 (2019): 2892-2940.
2. Shin, Donggyun
Shin, Kwanho
Park, Seonyoung
Are Initial Wage Losses of Intersectoral Movers Compensated for by Their Subsequent Wage Gains?
Macroeconomic Dynamics 14,4 (September 2010): 501-526.
Also: http://EconPapers.repec.org/RePEc:cup:macdyn:v:14:y:2010:i:04:p:501-526_09
Cohort(s): NLSY79
Publisher: Cambridge University Press
Keyword(s): Mobility; Mobility, Labor Market; Panel Study of Income Dynamics (PSID); Unemployment; Wage Differentials; Wage Growth; Wage Levels

Permission to reprint the abstract has not been received from the publisher.

This paper presents an equilibrium explanation of the inter- and intrasectoral mobility of workers. Analyses of our samples from the Panel Study of Income Dynamics and the National Longitudinal Survey of Youth show that, other things being equal, the initial wage decline is greater for intersectoral movers than for intrasectoral movers. Intersectoral movers, however, enjoy higher wage growth in subsequent years on postunemployment jobs than intrasectoral movers do, and hence are compensated for their initial wage decline. Our estimates suggest that, other things being constant, the additional short-term wage loss associated with sector shifts is overturned in no more than four years by the greater wage growth of intersectoral movers in subsequent years. The findings in the current study clearly show that the true economic costs of intersector mobility tend to be overstated in existing studies and are significantly lowered in the long-term perspective. Calibration of a simple lifetime utility model demonstrates that inter- and intrasectoral movements of workers are quantitatively consistent with an equilibrium framework, at least for a major group of workers who move with longer term perspectives. Evidence also shows that job seekers consider not only the initial wage rate but also the subsequent wages received from the postunemployment job when deciding whether to recommence employment or switch sectors.
Bibliography Citation
Shin, Donggyun, Kwanho Shin and Seonyoung Park. "Are Initial Wage Losses of Intersectoral Movers Compensated for by Their Subsequent Wage Gains?" Macroeconomic Dynamics 14,4 (September 2010): 501-526.