Showing 1 - 7 of 7
workers return to their previous employer after a jobless spell and experience very different unemployment and employment …
Persistent link: https://www.econbiz.de/10012947117
market outcomes than job switchers. Over 40% of all workers separating into unemployment regain employment at their previous … temporary layoff. Recalls are associated with much shorter unemployment duration and better wage changes. Negative duration … dependence of unemployment nearly disappears once recalls are excluded. We also find that the probability of finding a new job is …
Persistent link: https://www.econbiz.de/10013059869
worker flows and job flow simultaneously. In particular, the model correctly predicts that hires from unemployment move … flow that does not go through unemployment but is part of job creation, for which pro-cyclicality of the job finding rate … dominates its cyclicality. The authors also show that the model generates large volatilities of unemployment and vacancies when …
Persistent link: https://www.econbiz.de/10014200349
the 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 …. The cyclical properties of worker flows between employment and unemployment differ from those of job flows, partly because …
Persistent link: https://www.econbiz.de/10013084913
This paper studies quantitative properties of a multiple-worker firm search/matching model and investigates how worker transition rates and job flow rates are interrelated. We show that allowing for job-to-job transitions in the model is essential to simultaneously account for the cyclical...
Persistent link: https://www.econbiz.de/10012999349
cycle dynamics of separation and job finding rates and to quantify their contributions to overall unemployment variability …. Cyclical changes in the separation rate lead those of unemployment, while the job finding rate and unemployment move … contemporaneously. Fluctuations in the separation rate explain between 40 and 50 percent of fluctuations in unemployment, depending on …
Persistent link: https://www.econbiz.de/10012706129
Using the monthly CPS, the author estimates unemployment-to-employment (UE) transition rates and unemployment-to-inactivity … (UN) transition rates by unemployment duration for male workers. When estimated for the period of 2004-2007, during which … that the benefit extensions in recent years have raised male workers' unemployment rate by 0.9-1.7 percentage points …
Persistent link: https://www.econbiz.de/10013008763