Abstract
From an examination of labor mobility patterns it is possible to draw inferences about the functioning of the labor market for initial employment. In this paper we analyze a set of data on transitions between the initial job and the job held S years later for a sample of economists who received PhDs between 1955 and 1965. Besides presenting, in a unique fashion, the overall mobility picture lor the economists in the sample, which may be of independent interest, we also develop a test of whether available information is fully taken into account in the initial job placement.
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