NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

What Should I Be When I Grow Up? Occupations and Unemployment over the Life Cycle

Martin Gervais, Nir Jaimovich, Henry E. Siu, Yaniv Yedid-Levi

NBER Working Paper No. 20628
Issued in October 2014
NBER Program(s):   EFG

Why is unemployment higher for younger individuals? We address this question in a frictional model of the labor market that features learning about occupational fit. In order to learn the occupation in which they are most productive, workers sample occupations over their careers. Because young workers are more likely to be in matches that represent a poor occupational fit, they spend more time in transition between occupations. Through this mechanism, our model can replicate the observed age differences in unemployment which, as in the data, are due to differences in job separation rates.

You may purchase this paper on-line in .pdf format from SSRN.com ($5) for electronic delivery.

Information about Free Papers

You should expect a free download if you are a subscriber, a corporate associate of the NBER, a journalist, an employee of the U.S. federal government with a ".GOV" domain name, or a resident of nearly any developing country or transition economy.

If you usually get free papers at work/university but do not at home, you can either connect to your work VPN or proxy (if any) or elect to have a link to the paper emailed to your work email address below. The email address must be connected to a subscribing college, university, or other subscribing institution. Gmail and other free email addresses will not have access.

E-mail:

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w20628

Published: Martin Gervais & Nir Jaimovich & Henry E. Siu & Yaniv Yedid-Levi, 2016. "What Should I Be When I Grow Up? Occupations and Unemployment over the Life Cycle," Journal of Monetary Economics, .

Users who downloaded this paper also downloaded these:
Cochrane w20613 Monetary Policy with Interest on Reserves
Barth, Bryson, Davis, and Freeman w20447 It's Where You Work: Increases in Earnings Dispersion across Establishments and Individuals in the U.S.
Neumark, Salas, and Wascher w20619 More on Recent Evidence on the Effects of Minimum Wages in the United States
Saez and Zucman w20625 Wealth Inequality in the United States since 1913: Evidence from Capitalized Income Tax Data
Krishnamurthy and Edlin w20629 Affirmative Action and Stereotypes in Higher Education Admissions
 
Publications
Activities
Meetings
NBER Videos
Themes
Data
People
About

National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us