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Wednesday, March 09, 2016

'Why is U.S. Labor Market Fluidity Drying Up?'

Nick Bunker:

Why is U.S. labor market fluidity drying up?: The U.S. labor market is a far less dynamic place than it was 30 years ago. Workers today are less likely to get a job while unemployed, move into unemployment, switch jobs, or move across state lines. You’d think just the opposite would be true given some of the discussion about our rapidly changing digital economy, but the data show what the data show. Even still, the reason—or reasons—for the decline in fluidity aren’t known.
A new working paper—by economists Raven Molloy, Christopher L. Smith, and Riccardo Trezzi of the Federal Reserve and Abigail Wozniak of the University of Notre Dame—takes a closer look at the decline in labor market fluidity and tries to find the causes. While the authors find nothing close to a smoking gun, they point to interesting avenues of future research. ...

    Posted by on Wednesday, March 9, 2016 at 12:15 AM Permalink  Comments (35)


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