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Worker flows and job flows behave differently over the business cycle. The authors investigate the sources of the differences by studying quantitative properties of a multiple-worker version of the search/matching model that features endogenous job separation and intra-firm wage bargaining....
Persistent link: https://www.econbiz.de/10008627183
This study documents a general decline in the volatility of employment growth during the period 1956 to 2005 and … percent of the variation. With regard to state-level factors, the share of state total employment in manufacturing and state …
Persistent link: https://www.econbiz.de/10004994081
business cycle features of job flows, worker flows between employment and unemployment, and job-to-job transitions. The … calibrated model successfully replicates (i) countercyclical worker flows between employment and unemployment, (ii) procyclical … cyclical properties of worker flows between employment and unemployment differ from those of job flows, partly because of the …
Persistent link: https://www.econbiz.de/10010633801
both the vacancy-unemployment ratio and employment. The authors show that the standard version of the Mortensen …
Persistent link: https://www.econbiz.de/10005717291
-finding rate for unemployed workers. The job-filling rate moves counter to employment at the aggregate level but rises steeply with …
Persistent link: https://www.econbiz.de/10005009952
1990s and the decline of employment after the 2007 recession. This paper provides a framework for analyzing determinants of … employment in the US. Conditions are provided under which entrepreneurial risk can be identified using micro data on the size …. Time variation in risk explains around 40% of the variation in employment of new businesses. Reduced form results show that …
Persistent link: https://www.econbiz.de/10010713994
This study documents a general decline in the volatility of employment growth during the period 1956 to 2002 and … volatility during the period. The roles of monetary policy, oil prices, industrial employment shifts and a coincident index of … fluctuations in employment growth volatility. Individually, each of the four factors is found to have significantly contributed to …
Persistent link: https://www.econbiz.de/10009001760
, employment was largely reallocated from very large establishments, those with more than 2,500 employees, toward very small ….S. manufacturing employment can be attributed to trade. …
Persistent link: https://www.econbiz.de/10008616947
This paper provides a set of simple, yet overlooked, facts regarding on-the-job search and job-to-job transitions using the UK Labour Force Survey (LFS). The LFS is unique in that it asks employed workers whether they search on the job and, if so, why. The author finds that workers search on the...
Persistent link: https://www.econbiz.de/10008691016
, and employment. He also discusses several core principles of sound central banking that have guided his thinking and …
Persistent link: https://www.econbiz.de/10011124390