Real wage cyclicality of job stayers, within-company job movers, and between-company job movers

摘要: Using the British New Earnings Survey Panel Data (NESPD) for period 1975 to 2001 we estimate wage cyclicality of job stayers (those remaining within single jobs in a given company), company movers, and between movers. We also examine how proportion internal external moves varies over business cycle. find that wages movers are slightly more procyclical considerably than those stayers. Notwithstanding, decomposition shows Britain, arises almost entirely from procyclicality stayers, with across- within-firm mobility playing lesser role. Thus, there is little evidence rigid models imply employers use changes titles as means adjusting show distinctions private public sectors workers covered uncovered by collective agreements have important impacts on estimates both