Job mobility, reallocation and wage growth: A tale of two countries

IF 2.6 3区 管理学 Q2 INDUSTRIAL RELATIONS & LABOR European Journal of Industrial Relations Pub Date : 2024-09-06 DOI:10.1177/09596801241278135
Alexander Hijzen, Mats Lillehagen, Wouter Zwysen
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Abstract

Job reallocation is a key driver of aggregate wage growth, but its role in different economic systems remains understudied. This paper takes a comparative view and analyses the role of job mobility in job reallocation and aggregate wage growth in Norway, comparing it to published results for the United States. The results show first that, as expected, overall job mobility is much lower in Norway compared to the United States, likely reflecting the compressed wage distribution. However, the speed of job reallocation from low-wage to high-wage firms is similar to or even higher than in the United States. Second, in both Norway and the United States, the process of job reallocation is strongly pro-cyclical. This is entirely driven by the pro-cyclical nature of net job-to-job mobility from low- to high-wage firms. Third, for Norway, the bulk of aggregate wage growth reflects on-the job wage growth, while its cyclicality is largely driven by net job-to-job mobility from low to high-wage firms. This paper shows that reallocation is not necessarily less efficient in more egalitarian societies with lower mobility and different wage structures.
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工作岗位流动、重新分配和工资增长:两个国家的故事
工作重新分配是工资总额增长的主要驱动力,但其在不同经济体系中的作用仍未得到充分研究。本文从比较的角度出发,分析了挪威工作岗位流动性在工作岗位重新配置和工资总额增长中的作用,并将其与美国已公布的结果进行了比较。结果表明,首先,正如预期的那样,与美国相比,挪威的整体工作流动性要低得多,这可能反映了工资分配的压缩。然而,从低工资企业到高工资企业的工作岗位重新分配速度与美国相似,甚至高于美国。其次,挪威和美国的工作岗位重新分配过程都具有强烈的顺周期性。这完全是由于从低工资企业向高工资企业的净就业岗位流动具有顺周期性。第三,就挪威而言,工资总额增长的大部分反映了在职工资增长,而其周期性主要是由从低工资企业向高工资企业的净职位间流动所驱动的。本文表明,在流动性较低、工资结构不同的较平等社会中,重新分配的效率不一定较低。
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来源期刊
European Journal of Industrial Relations
European Journal of Industrial Relations INDUSTRIAL RELATIONS & LABOR-
CiteScore
6.20
自引率
11.50%
发文量
25
期刊介绍: It embraces a broad definition of industrial relations and includes articles which relate to any aspect of work and employment. It publishes rigorous and innovative work on and from all European countries, from the Atlantic to the Urals. All social science disciplines are relevant to its remit, and interdisciplinary approaches are particulary encouraged. A major objective is to foster cross-national comparative analysis; and in this context, work which relates European developments to broader global experience is welcome.
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