Table 4 Description of the dependent variables

Exit from job

0.092

0.083

Dummy = 1 if employee leaves the firm; Dummy = 0 if employee remains in firm

Interfirm upward mobility

0.018

0.011

Dummy = 1 if interfirm upward mobility takes place; Dummy = 0 if another employment status is observed

Interfirm lateral mobility

0.014

0.012

Dummy = 1 if interfirm lateral mobility takes place; Dummy = 0 if another employment status is observed

Interfirm downward mobility

0.009

0.008

Dummy = 1 if interfirm downward mobility takes place; Dummy = 0 if another employment status is observed

Unemployment

0.024

0.025

Dummy = 1 if employee becomes unemployed; Dummy = 0 if another employment status is observed

Number of observations

370,779

363,339