Working Papers

Career Paths and Job Ladders under Economic Turbulence

This paper looks at how economic turbulence affect workers’ career paths (i.e., their earnings trajectory over time) and on firm’s job ladders (i.e., initial earnings and earnings growth of on-going jobs lasting at least five years). In particular, we ask to what extent the costs and benefits from the adjustment process are differentially borne by certain groups of workers and firms?