In the ever-changing macroeconomic environment, economic policy uncertainty has emerged as a crucial external factor influencing individual job-hopping behavior. Using data from the 2014–2020 China Family Panel Studies (CFPS), listed resume data, company hiring data, and multidimensional economic policy uncertainty indicators, we find that economic policy uncertainty significantly reduces job-hopping frequency among workers. When economic policy uncertainty increases by 1 standard deviation, the frequency of job hopping among workers decreases by 0.15 standard deviations. Sensitivity analysis, instrumental variables approach, and a series of robustness tests confirm the reliability of the estimation results. Heterogeneity analysis reveals that economic policy uncertainty reduces the job-hopping frequency of private enterprise employees, moderately educated workers, technical professionals, and production workers. Mechanism tests indicate that economic policy uncertainty primarily inhibits job hopping by increasing individual risk expectations and reducing firms’ hiring and layoff activities. Economic policy uncertainty decreases both the active job-hopping behavior of workers looking for new employment opportunities and the passive job-hopping behavior due to layoffs and other factors, further validating the mechanism of its influence. Finally, from both subjective and objective perspectives, we find that economic policy uncertainty reduces workers’ job match quality by suppressing their job-hopping behavior.
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