Age-specific cyclical effects in job reallocation and labor mobility

We present an empirical analysis of job reallocation and labor mobility using matched worker-firm data for the Netherlands. Our data cover the period 1993–2002. We find that cyclical adjustments of the workforce occur mainly through fluctuations in worker entry for young and prime-age workers while for old workers they occur mainly through fluctuations in separations. Moreover, we find that employment dynamics of young workers are affected especially by national and sectoral employment fluctuations whereas employment of old workers varies especially with firm-specific employment changes.