Showing 1 - 10 of 172
We examine 17 years of a large cross-section to build up a picture of job tenure in Britain. We show that men (women) can expect to hold their present job for about 18 (12) years. These summarize bimodal distributions, with one mode at short tenures, and one at very long tenures. We find some...
Persistent link: https://www.econbiz.de/10005666855
in the current job follow a random walk. This setting allows the application of real option theory. We derive the …
Persistent link: https://www.econbiz.de/10005666877
This Paper presents new estimates of the impact of job tenure on wages using a new French matched worker-firm dataset. We develop an identification strategy that relies on one specific feature of the French labour laws. They stipulate that firms, when firing workers, must include as one of their...
Persistent link: https://www.econbiz.de/10005666983
Using data from the German socio-economic panel this paper analyses the labour market entrance of former apprentices, as well as of university and full-time school graduates. There are three main findings. First, the retention rate of apprentices in their training firms is fairly low. Second,...
Persistent link: https://www.econbiz.de/10005788896
This paper uses the retrospective work history data from the British Household Panel Survey to examine patterns of job mobility and job tenure for men and women over the twentieth century. British men and women hold an average of five jobs over their lifetimes, and one-half of all lifetime job...
Persistent link: https://www.econbiz.de/10005497840
There continues to be much debate about whether the widescale adoption of new technologies, and the increasing intensity of competition through globalization of product markets have lead to significant changes in job tenure distributions. Our previous work showed that this was not the case at...
Persistent link: https://www.econbiz.de/10005498122
Given a general belief that jobs last longer in tightly regulated labour markets, the presumption would be that jobs last longer in Italy than they do in Britain. We use two large micro datasets to address this issue. Surprisingly, we find a higher proportion of male workers in Britain than in...
Persistent link: https://www.econbiz.de/10005504205
This paper proposes and solves a search unemployment model in which job separation requires mandatory notice. When jobs are subject to idiosyncratic uncertainty, firms would issue advance notice even with good business conditions. We show that such precautionary policy is not pursued if it...
Persistent link: https://www.econbiz.de/10005497907
This paper investigates the importance of accessing public capital markets through an initial public offering (IPO), and the consequent relaxation of firms’ financial constraints, for firm-level long term employment decisions. We find that firms significantly increase post-IPO investment in...
Persistent link: https://www.econbiz.de/10011249379
This paper studies the impact of permanent and transitory shocks to income on parental investments in children. We use panel data on family income, and an index of investments in children in time and goods, from the Children of the National Longitudinal Survey of Youth. Consistent with the...
Persistent link: https://www.econbiz.de/10011266538