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Erscheinungsjahr: 
2025
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 17719
Verlag: 
Institute of Labor Economics (IZA), Bonn
Zusammenfassung: 
I produce novel evidence on worker reallocation across employers and between employment and nonemployment/unemployment for several European countries over the past two decades. I construct a dataset of monthly transition rates by developing a novel approach to measure them using cross-sectional data from the European Union Labor Force Survey. Transition rates exhibit similar cyclical patterns across countries, but their levels are persistently different. I compute an indicator of the pace of worker reallocation up the job ladder, and find that it varies substantially across countries, is pro-cyclical, and exhibits a systematic positive relationship with wage inflation.
Schlagwörter: 
labor market flows
job ladder
business cycles
wage inflation
Phillips curve
JEL: 
E24
E32
J63
Dokumentart: 
Working Paper

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