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Economic Brief

July 2, 2019

Richmond Fed Highlights Value of Occupational Learning and Mobility

The Richmond Fed’s latest Economic Brief suggests that workers benefit from being able to switch between white-collar and blue-collar jobs.

Switching occupational types enables workers to glean valuable information about their abilities and the careers that work best for them. As a result, the Economic Brief concludes that “any frictions inhibiting the ability of workers to switch occupations would be costly, particularly for young workers.”

The Richmond Fed’s Economic Brief series provides web-exclusive essays on economic issues and trends. Sign up to receive an email notification when a new essay is posted.


As part of our nation’s central bank, the Richmond Fed is one of 12 regional Reserve Banks working together with the Board of Governors to support a healthy economy and deliver on our mission to foster economic stability and strength. We connect with community and business leaders across the Fifth Federal Reserve District — including the Carolinas, District of Columbia, Maryland, Virginia, and most of West Virginia — to monitor economic conditions, address issues facing our communities, and share this information with monetary and financial policymakers. We also work with banks to ensure they are operating safely and soundly, supply financial institutions with currency that’s fit for distribution, and provide a safe and efficient way to transfer funds through our nation’s payments system.

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