
Contents
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Introduction Introduction
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What is a Career Path? What is a Career Path?
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How Does Economic Turbulence Affect Career Paths? How Does Economic Turbulence Affect Career Paths?
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How Do Career Paths Vary by Industry and Worker Characteristics? How Do Career Paths Vary by Industry and Worker Characteristics?
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How Important is Economic Turbulence? How Important is Economic Turbulence?
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The Importance of Industry Differences: Stories from the Industries The Importance of Industry Differences: Stories from the Industries
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The Bottom Line The Bottom Line
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Six: Turbulence and Worker Career Paths
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Published:October 2006
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Abstract
This chapter investigates how much job change there is in different industries and examines the impact of job change on worker career paths. It also evaluates the “typical” effects of turbulence and the patterns that are most prevalent. Most workers' career paths involve changing jobs. Economic turbulence has a huge effect on workers' career paths, which vary across industries. Loyalists have the best career paths, followed by job switchers. Although they have the best career paths within their industry, their career paths vary enormously across industries. Women's initial earnings are much lower than men's, and their career paths are worse. It is noted that workers gain big rewards for jobhopping and that their loyalty to a company pays off. Many workers are able to continually improve their career paths by finding better job opportunities with another firm.
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