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Financial Constraints and Job Mobility in Australia *
Author(s) -
LODEWIJKS BEN
Publication year - 2011
Publication title -
economic record
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.365
H-Index - 42
eISSN - 1475-4932
pISSN - 0013-0249
DOI - 10.1111/j.1475-4932.2010.00682.x
Subject(s) - market liquidity , economics , labour economics , british household panel survey , job satisfaction , demographic economics , job loss , empirical evidence , finance , unemployment , economic growth , management , philosophy , epistemology
This article examines the effect of financial constraints on job mobility in Australia. After specifying a simple job search model which shows that the effect of wealth on job mobility is theoretically unclear, empirical analysis is undertaken using the first six waves of the Household, Income and Labour Dynamics in Australia (HILDA) Survey. The analysis indicates that men under the age of 40 with low levels of household wealth, liquidity and financial satisfaction are significantly more likely to engage in job–job transitions. However, financial constraints have no significant impact on job mobility decisions for women or older men.