Decomposition of the Change in the Aggregate Job-to-Job Transition Rate
| Average job-to-job transition rate 1996–2000 | 5.4% |
| Average job-to-job transition rate 2008–2013 | 3.3% |
| Decrease in job-to-job transition rate | 2.1 pp |
| Contribution from: | |
| Changes in employment shares by tenure | 0.6 pp |
| Changes in tenure-specific job-to-job transition rates | 1.7 pp |
| Tenure <1Y | 0.9 pp |
| Tenure 1Y to 3Y | 0.4 pp |
| Tenure 3Y to 5Y | 0.2 pp |
| Tenure 5Y to 10Y | 0.2 pp |
| Tenure 10Y+ | 0.1 pp |
Source: Authors’ calculations from SIPP microdata, using 22–64-year-olds.
Notes: The job-to-job transition rate is defined as the fraction of employed workers who left an employer and reported working for a new employer three months later. Contributions do not sum exactly to the decrease in the aggregate job-to-job transition rate because the table does not report interactions between the changes in tenure-specific job-to-job transition rates and employment shares.