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Business Volatility, Job Destruction, and Unemployment

Davis, Steven J. - 2008

Unemployment inflows fell from 4 percent of employment per month in the early 1980s to 2 percent or less by the mid … parameter in search and matching models of unemployment. According to these models, a lower intensity of idiosyncratic shocks … produces less job destruction, fewer workers flowing through the unemployment pool and less frictional unemployment. To …

Persistent link: https://www.econbiz.de/10012464347

Implications of Search Frictions : Matching Aggregate and Establishment-level Observations

Cooper, Russell - 2007

This paper studies hours, employment, vacancies and unemployment at micro and macro levels. It is built around a set of … facts concerning the variability of unemployment and vacancies in the aggregate and, at the establishment level, the …

Persistent link: https://www.econbiz.de/10012465539

On the Driving Forces Behind Cyclical Movement, in Employment and Job Reallocation

Davis, Steven J. - 1996

We rely on a decomposition of employment changes into job creation and job destruction components - and a novel set of identifying restrictions that this decomposition permits - to develop new evidence about the driving forces behind aggregate fluctuations and the channels through which they...

Persistent link: https://www.econbiz.de/10012473059

Labor Productivity : Structural Change and Cyclical Dynamics

Baily, Martin Neil - 1996

A longstanding puzzle of empirical economics is that average labor productivity declines during recessions and increases during booms. This paper provides a framework to assess the empirical importance of competing hypotheses for explaining the observed procyclicality. For each competing...

Persistent link: https://www.econbiz.de/10012473356

Machine Replacement and the Business Cycle : Lumps and Bumps

Cooper, Russell - 1995

This paper explores cyclical fluctuations in investment due to discrete changes in the plant's stock of capital. To do so, we focus on a machine replacement problem in which a producer decides whether to replace its entire existing stock of capital with new machinery and equipment. This decision...

Persistent link: https://www.econbiz.de/10012473615

Gross Job Creation, Gross Job Destruction and Employment Reallocation

Davis, Steve J. - 1991

This study measures the heterogeneity of establishment-level employment changes in the U.S. manufacturing sector over the 1972 to 1986 period. We measure this heterogeneity in terms of the gross creation and destruction of jobs and the rate at which jobs are reallocated across plants. Our...

Persistent link: https://www.econbiz.de/10012475277

The Aggregate Implications of Machine Replacement : Theory and Evidence

Cooper, Russell - 1990

This paper studies an economy in which producers must incur resource costs to replace depreciated machines. The process of costly replacement and depreciation creates endogenous fluctuations in productivity, employment and output of a single producer. We also explore the spillover effects of...

Persistent link: https://www.econbiz.de/10012475492

Cyclical Job Ladders by Firm Size and Firm Wage

Haltiwanger, John - 2017

We study whether workers progress up firm wage and size job ladders, and the cyclicality of this movement. Search theory predicts that workers should flow towards larger, higher paying firms. However, we see little evidence of a firm size ladder, partly because small, young firms poach workers...

Persistent link: https://www.econbiz.de/10012455196

Labor Market Fluidity and Economic Performance

Davis, Steven J. - 2014

U.S. labor markets became much less fluid in recent decades. Job reallocation rates fell more than a quarter after 1990, and worker reallocation rates fell more than a quarter after 2000. The declines cut across states, industries and demographic groups defined by age, gender and education....

Persistent link: https://www.econbiz.de/10012458189

Reallocation in the Great Recession : Cleansing or Not?

Foster, Lucia - 2014

The high pace of reallocation across producers is pervasive in the U.S. economy. Evidence shows this high pace of reallocation is closely linked to productivity. While these patterns hold on average, the extent to which the reallocation dynamics in recessions are "cleansing" is an open question....

Persistent link: https://www.econbiz.de/10012458240