Earnings growth, job flows and churn
利用雇主-雇员匹配数据,研究了工人在企业间流动时,收入增长如何受原企业和目标企业净就业增长的影响,发现企业动态是收入增长的关键因素。
How much do workers making job-to-job transitions benefit from moving away from a shrinking and towards a growing firm? Matched employer-employee data show that earnings growth in the transition increases with net employment growth at the destination firm and, to a lesser extent, decreases if the origin firm is shrinking. These results are not driven by composition, that different workers are going to growing or from shrinking firms, but rather implies that firm dynamics themselves are key to workers' earnings growth during job-to-job transitions. Further, firms' net employment growth rather than gross hires mostly drives the growth.