Carrillo-Tudela, C and Hobijn, B and Visschers, L (2014) 'Career Changes Decline during Recessions.' FRBSF Economic Letter, 2014 (09).

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Abstract

Some types of jobs lost during recessions are never recovered, which suggests some unemployed workers must change careers. However, data on hiring during recessions shows the fraction of unemployed workers who change their industry or occupation declines rather than increases. This reflects in part that, when unemployment is high, employers can find applicants with qualifications that closely match job openings. Thus, the rate of overall job growth affects the pace of job market recoveries more than the need for workers to reallocate across sectors.

Item Type:	Article
Subjects:	H Social Sciences > HB Economic Theory
Divisions:	Faculty of Social Sciences Faculty of Social Sciences > Economics, Department of
SWORD Depositor:	Elements
Depositing User:	Elements
Date Deposited:	10 Feb 2016 12:24
Last Modified:	06 Jan 2022 13:30
URI:	http://repository.essex.ac.uk/id/eprint/16052

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