TY  - RPRT
        AU  - Borowczyk-Martins, Daniel
        TI  - Employer-to-Employer Mobility and Wages in Europe and the United States
        PY  - 2025/Feb/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 17719
        UR  - https://www.iza.org/publications/dp17719
        AB  - I produce novel evidence on worker reallocation across employers and between employment and nonemployment/unemployment for several European countries over the past two decades. I construct a dataset of monthly transition rates by developing a novel approach to measure them using cross-sectional data from the European Union Labor Force Survey. Transition rates exhibit similar cyclical patterns across countries, but their levels are persistently different. I compute an indicator of the pace of worker reallocation up the job ladder, and find that it varies substantially across countries, is pro-cyclical, and exhibits a systematic positive relationship with wage inflation.
        KW  - labor market flows
KW  - job ladder
KW  - business cycles
KW  - wage inflation
KW  - Phillips curve
        ER  -