Search Results
Showing results 1 to 1 of approximately 1.
(refine search)
Working Paper
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.