CURRENT research

Working papers:

Employer-to-employer Mobility and Wages in Europe and the United States, September 2023.

Abstract: I propose a new measure of the aggregate employer-to-employer transition rate based on cross-sectional data, and estimate it for several European countries. I analyze the behavior of the average rates at which individuals change employer, leave employment, and exit unemployment during the month for 16 European countries and the United States over the past two decades. I find that the job-ladder model's indicator of employers' competition for employed workers i) exhibits substantial cross-country variation, ii) implies large differences in frictional wage dispersion, iii) is strongly procyclical, and iv) exhibits a systematic relationship with wage inflation in most countries