Job mobility, reallocation and wage growth: A tale of two countries
This paper analyses the role of job mobility for job reallocation and aggregate wage growth in Norway and the United States using linked employer-employee data. It provides four main findings. First, despite lower overall job mobility in Norway, the speed of worker reallocation from low-wage to high...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
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Paris
OECD Publishing
2021
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| Schriftenreihe: | OECD Social, Employment and Migration Working Papers
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| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper analyses the role of job mobility for job reallocation and aggregate wage growth in Norway and the United States using linked employer-employee data. It provides four main findings. First, despite lower overall job mobility in Norway, the speed of worker reallocation from low-wage to high-wage firms is similar to that in the United States. Second, job reallocation tends to be counter-cyclical in Norway, but pro-cyclical in the United States, due to the weaker tendency of high-wage firms in the United States to hoard workers during economic downturns. Third, the reallocation of workers from low to high wage firms through job-to-job mobility disproportionately benefits high-skilled workers in Norway and low-skilled workers in the United States. Fourth, the slowdown in aggregate wage growth primarily reflects a weakening of on-the-job wage growth in both countries rather than a reduced role of job reallocation between low and high-wage firms (although this does also play a role in the United States) |
| Beschreibung: | 1 Online-Ressource (39 Seiten) |
| DOI: | 10.1787/807becdf-en |
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| spelling | Hijzen, Alexander Verfasser aut Job mobility, reallocation and wage growth A tale of two countries Alexander Hijzen, Wouter Zwysen and Mats Erik Lillehagen Paris OECD Publishing 2021 1 Online-Ressource (39 Seiten) txt rdacontent c rdamedia cr rdacarrier OECD Social, Employment and Migration Working Papers This paper analyses the role of job mobility for job reallocation and aggregate wage growth in Norway and the United States using linked employer-employee data. It provides four main findings. First, despite lower overall job mobility in Norway, the speed of worker reallocation from low-wage to high-wage firms is similar to that in the United States. Second, job reallocation tends to be counter-cyclical in Norway, but pro-cyclical in the United States, due to the weaker tendency of high-wage firms in the United States to hoard workers during economic downturns. Third, the reallocation of workers from low to high wage firms through job-to-job mobility disproportionately benefits high-skilled workers in Norway and low-skilled workers in the United States. Fourth, the slowdown in aggregate wage growth primarily reflects a weakening of on-the-job wage growth in both countries rather than a reduced role of job reallocation between low and high-wage firms (although this does also play a role in the United States) Employment Social Issues/Migration/Health Norway Zwysen, Wouter ctb Lillehagen, Mats Erik ctb https://doi.org/10.1787/807becdf-en Verlag kostenfrei Volltext |
| spellingShingle | Hijzen, Alexander Job mobility, reallocation and wage growth A tale of two countries Employment Social Issues/Migration/Health Norway |
| title | Job mobility, reallocation and wage growth A tale of two countries |
| title_auth | Job mobility, reallocation and wage growth A tale of two countries |
| title_exact_search | Job mobility, reallocation and wage growth A tale of two countries |
| title_exact_search_txtP | Job mobility, reallocation and wage growth A tale of two countries |
| title_full | Job mobility, reallocation and wage growth A tale of two countries Alexander Hijzen, Wouter Zwysen and Mats Erik Lillehagen |
| title_fullStr | Job mobility, reallocation and wage growth A tale of two countries Alexander Hijzen, Wouter Zwysen and Mats Erik Lillehagen |
| title_full_unstemmed | Job mobility, reallocation and wage growth A tale of two countries Alexander Hijzen, Wouter Zwysen and Mats Erik Lillehagen |
| title_short | Job mobility, reallocation and wage growth |
| title_sort | job mobility reallocation and wage growth a tale of two countries |
| title_sub | A tale of two countries |
| topic | Employment Social Issues/Migration/Health Norway |
| topic_facet | Employment Social Issues/Migration/Health Norway |
| url | https://doi.org/10.1787/807becdf-en |
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