An estimate of a sectoral model of labor mobility

Boyan Jovanovic, R. Moffitt

    Research output: Contribution to journalArticle

    Abstract

    Develops a model of sectoral labor mobility and tests its main implications. The model nests two distinct hypotheses on the origin of mobility: sectoral shocks; and worker-employer mismatch. We estimate the relative importance of each hypothesis and find that the bulk of labor mobility is caused by mismatch rather than by sectoral shift. We then try to put a value on society's match-specific information. We find that the mobility option raises expected earnings by roughly between 8.5% and 13% of labor earnings, which translates to an increase in GNP of between 6% and 9%. -from Authors

    Original languageEnglish (US)
    Pages (from-to)827-852
    Number of pages26
    JournalJournal of Political Economy
    Volume98
    Issue number4
    DOIs
    StatePublished - 1990

    Fingerprint

    Labour mobility
    Mismatch
    Employers
    Labor
    Relative importance
    Gross national product
    Sectoral shifts
    Sectoral shocks
    Workers

    ASJC Scopus subject areas

    • Economics and Econometrics

    Cite this

    An estimate of a sectoral model of labor mobility. / Jovanovic, Boyan; Moffitt, R.

    In: Journal of Political Economy, Vol. 98, No. 4, 1990, p. 827-852.

    Research output: Contribution to journalArticle

    Jovanovic, Boyan ; Moffitt, R. / An estimate of a sectoral model of labor mobility. In: Journal of Political Economy. 1990 ; Vol. 98, No. 4. pp. 827-852.
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