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220928 ||| eng |
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|a Hijzen, Alexander
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| 245 |
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|a Job mobility, reallocation and wage growth
|h Elektronische Ressource
|b A tale of two countries
|c Alexander, Hijzen, Wouter, Zwysen and Mats Erik, Lillehagen
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| 260 |
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|a Paris
|b OECD Publishing
|c 2021
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| 300 |
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|a 39 p
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| 653 |
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|a Norway
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| 653 |
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|a Employment
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| 653 |
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|a Social Issues/Migration/Health
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| 700 |
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|a Zwysen, Wouter
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| 700 |
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|a Lillehagen, Mats Erik
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| 041 |
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7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b OECD
|a OECD Books and Papers
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|a OECD Social, Employment and Migration Working Papers
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| 024 |
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|a /10.1787/807becdf-en
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| 856 |
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|a oecd-ilibrary.org
|u https://doi.org/10.1787/807becdf-en
|x Verlag
|3 Volltext
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|a 304
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|a 610
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|a 330
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|a This paper analyses the role of job mobility for job reallocation and aggregate wage growth in Norway and the United States using linked employer-employee data. It provides four main findings. First, despite lower overall job mobility in Norway, the speed of worker reallocation from low-wage to high-wage firms is similar to that in the United States. Second, job reallocation tends to be counter-cyclical in Norway, but pro-cyclical in the United States, due to the weaker tendency of high-wage firms in the United States to hoard workers during economic downturns. Third, the reallocation of workers from low to high wage firms through job-to-job mobility disproportionately benefits high-skilled workers in Norway and low-skilled workers in the United States. Fourth, the slowdown in aggregate wage growth primarily reflects a weakening of on-the-job wage growth in both countries rather than a reduced role of job reallocation between low and high-wage firms (although this does also play a role in the United States)
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