A Note on US Worker Turnover

• Autores: Sekyu Choi, Javier Fernández Blanco
• Localización: Oxford bulletin of economics and statistics, ISSN 0305-9049, Vol. 79, Nº. 2, 2017, págs. 276-289
• Idioma: inglés
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• Resumen

  • The length of new employment relationships is of first-order importance for a number of questions in recent macro-labour research. We investigate it using data from the Survey of Income and Program Participation for the US from 1996 onwards, and document that above two-fifths of newly employed workers fall into non-employment within a year. We also find that the transition rate from employment to non-employment within the first year varies significantly for different groups of the population, increases with the duration of the previous non-employment spell, exhibits an acyclical or weakly procyclical pattern and a much higher volatility than the unemployment rate.