Determinants and Consequences of Promotions in Britain

Abstract

Using longitudinal data from the British Household Panel Survey 1991-95, this study finds that 9 percent of all workers report a promotion at their firm in any given year and that promotions account for approximately 36 percent of total job turnover, with small gender differences. Workers who are married, have full-time jobs, work overtime, are employed in large establishments and high-level occupations, and come from more recent cohorts have significantly higher chances of promotion. In addition, promotions lead to higher wage growth and increases in job satisfaction. Copyright 2001 by Blackwell Publishing Ltd