"It is well known that changes to another branch of industry or another job can be either voluntary, when workers seek better employment opportunities, or involuntary, when they take on another job after being made redundant. As the determinants and costs of these two types of mobility differ,...

It is commonly known that every economy is faced with the problem of unevenly distributed labour demand changes across industries, occupations and regions. In competitive labour markets flexible wages and the mobility of labour would lead to a new equilibrium distribution of wages and...