Career progression is often associated with migration and/or industry change, but the relationship between the two, and their effect on the earnings and career satisfaction of recent graduates are not well understood. We analyse the relationship between migration and inter-industry mobility...

Using quarterly data for the U.K. from 1993 through 2012, we document that in economic downturns a smaller fraction of unemployed workers change their career when starting a new job. Moreover, the proportion of total hires that involves a career change for the worker also drops in recessions....