Chapter

Turbulence and Worker Career Paths

Clair Brown

in Economic Turbulence

Published by University of Chicago Press

Published in print October 2006 | ISBN: 9780226076324
Published online February 2013 | e-ISBN: 9780226076348 | DOI: http://dx.doi.org/10.7208/chicago/9780226076348.003.0006
Turbulence and Worker Career Paths

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This chapter investigates how much job change there is in different industries and examines the impact of job change on worker career paths. It also evaluates the “typical” effects of turbulence and the patterns that are most prevalent. Most workers' career paths involve changing jobs. Economic turbulence has a huge effect on workers' career paths, which vary across industries. Loyalists have the best career paths, followed by job switchers. Although they have the best career paths within their industry, their career paths vary enormously across industries. Women's initial earnings are much lower than men's, and their career paths are worse. It is noted that workers gain big rewards for jobhopping and that their loyalty to a company pays off. Many workers are able to continually improve their career paths by finding better job opportunities with another firm.

Keywords: job change; worker; career paths; economic turbulence; loyalists; job switchers; earnings

Chapter.  7734 words.  Illustrated.

Subjects: Econometrics and Mathematical Economics

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