The structural decline in job turnover since 2000: disequilibrium or new normal?
Files
First author draft
Date
2021
DOI
Authors
Kahn, Shulamit
Hyun, Yeseul
Modestino, Alicia
Version
First author draft
OA Version
Citation
S. Kahn, Y. Hyun, A. Modestino. "The Structural Decline in Job Turnover since 2000: Disequilibrium or New Normal?."
Abstract
The authors evaluate whether the sharp and permanent drop in US job mobility between 2000 and 2004, measured by employer-to-employer turnover rates, was due to improved labor market matching enabled by the increased availability of high-speed internet (broadband) that revolutionized job posting and search processes. To do this, they link county and metropolitan job turnover rates calculated using the Annual Social and Economic Supplement of the Current Population Survey to zip-code-specific broadband data from the Federal Communications Commission (Form 477), controlling for local area and individual characteristics. They find that broadband availability was responsible for the majority of the permanent drop in turnover during these years. The effects of broadband availability differed by career stage, with the largest change experienced by those early in their career, and the smallest change by those older than fifty.
Description
License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License. For more information, see https://creativecommons.org/licenses/by-nc-nd/4.0/