Job Hopping and Adverse Selection in the Labor Market

被引:10
作者
Fan, Xiaodong [1 ]
DeVaro, Jed [2 ]
机构
[1] Monash Univ, Dept Econ, Melbourne, Vic, Australia
[2] Calif State Univ, Dept Management & Econ, Hayward, CA USA
关键词
ASYMMETRIC INFORMATION; PROMOTION DYNAMICS; WAGE; MOBILITY; EXPERIENCE; CONTRACTS; TURNOVER; INDUSTRY; WORKER; CYCLE;
D O I
10.1093/jleo/ewz021
中图分类号
F [经济];
学科分类号
02 ;
摘要
A model of employer learning (both symmetric and asymmetric) about worker ability from job histories is constructed, and testable implications are derived to detect asymmetric learning empirically. The model predicts that early-career bad job matches are particularly damaging when learning is asymmetric. Analysis of NLSY79 data reveals that job hopping is associated with lower wages for college graduates, controlling for measured ability, labor market experience, and current job tenure. Suggestive of asymmetric learning, the effect is strongest for job tenures less than one year and for early-career workers, and mitigated when job hopping severs matches that were formed during economic downturns. (JEL D82, J31, J63)
引用
收藏
页码:84 / 138
页数:55
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