Labor reallocation and demographics

Abstract

Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. We explore data from all transition economies over nearly two decades, providing insights on the mechanisms behind labor force reallocation. We show that worker ows between jobs in dierent industries are rare relative to the demographic ows of youth entry and elderly exit. The same applies to the ows between state-owned enterprises and private rms. In fact, evidence suggest that changes in the demand for labor were accommodated mostly through demographic ows, with a smaller role left for job transitions. We also show that the speed of changing the ownership structure in the economy has driven exits to retirement, in particular the early exits. Terms of use: Documents in EconStor mayJEL Codes: P2, P5, D2, J6

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