Jung, Philipp; Kuhn, Moritz - 2017 - First version: June, 2011
reconciliation of key stylized facts about the U.S. labor market: large worker flows, a large share of stable jobs, and persistent … tight link between labor market mobility and earnings dynamics. Regarding the sources, we find that over 85% stem from the … loss of a particularly good job at the top of the job ladder. We apply the model to study the effectiveness of two labor …