Job Switching and Job Satisfaction in the U.S. Labor Market
Brookings Papers on Economic ActivityPublished 1 January 1988
George A. Akerlof, Andrew K. Rose, Janet L. Yellen, Laurence Ball, Robert E. Hall
Citations491
SJR quartileQ1
SJR score3.88
SNIP3.59
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Abstract
SUCCESSFUL MACROECONOMIC THEORIES must explain important empirical regularities.One indisputable regularity is the highly procyclic nature of quits: many more people voluntarily leave their jobs when unemployment is low than when it is high.In this paper, we demonstrate that theories based on the assumption that unemployment is involuntary can easily explain procyclic quits. 1 We construct and empirically validate a simple model of labor turnover; the model is Keynesian in that the labor
Keywords
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