RISING OCCUPATIONAL AND INDUSTRY MOBILITY IN THE UNITED STATES: 1968–97* |
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| Authors: | Gueorgui Kambourov Iourii Manovskii |
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| Institution: | 1. University of Toronto, Canada;2. University of Pennsylvania, U.S.A.;3. Numerous individuals provided comments and suggestions that improved this paper. We are particularly indebted to Andrés Erosa, Tim Kehoe, Miana Plesca, Todd Stinebrickner, Gustavo Ventura, and Randy Wright. We would also like to thank seminar participants at Arizona State, the Atlanta Fed, Calgary, California‐Davis, Chicago, Chicago GSB, the Cleveland Fed, Maryland, the Minneapolis Fed, Minnesota, Northwestern with the Chicago Fed, NYU, Penn State, UPenn, Queen's, the Richmond Fed, Rochester, Simon Fraser, Southern California, Texas‐Austin, Tilburg, Vanderbilt, Western Ontario, Québec‐Montréal, 2001 CEA, 2002 SED, 2003 NBER Summer Institute, 2003 RESTUD Tour, 2003 CMSG, and 2004 AEA for their comments on parts of this paper. This research has been supported by the National Science Foundation Grant No. SES‐0617876. Please address correspondence to: Iourii Manovskii, Department of Economics, University of Pennsylvania, 160 McNeil Building, 3718 Locust Walk, Philadelphia, PA, 19104‐6297, USA. E‐mail: . |
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| Abstract: | We document and analyze the high level and the substantial increase in worker mobility in the United States over the 1968–97 period at various levels of occupational and industry aggregation. This is important in light of the recent findings that human capital of workers is largely occupation‐ or industry‐specific. To control for measurement error in occupation and industry coding, we develop a method that utilizes the PSID Retrospective Occupation‐Industry Supplemental Data Files. We emphasize the importance of our findings for understanding a number of issues such as the changes in wage inequality, aggregate productivity, job stability, and life‐cycle earnings profiles. |
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