frictions characterized by employment loss and employment opportunity arrival shocks. We argue that it is able to account for … shocks play a key role in allowing the model to match the persistence of the employment and out of the labor force states …

This paper develops a framework for analyzing unemployment in terms of variations in the nt.imber and distribution of … people becoming unemployed and inindividual probabilities of leaving unemployment. Contrary to the emphasis on exit … the size and distribution of the inflow Into unemployment are the primary determinant of the unemployment rate. Instead of …

We rely on a decomposition of employment changes into job creation and job destruction components - and a novel set of … inferences: 1) The data favor a many- shock characterization of fluctuations in employment and job reallocation, 2) Theories of … employment fluctuations that attribute a predominant role to aggregate shocks must in order to fit the data involve …

This study measures the heterogeneity of establishment-level employment changes in the U.S. manufacturing sector over … reallocation and worker reallocation, to evaluate theories of heterogeneity in plant-level employment dynamics, and to establish …

We provide a unified discussion of the relations among flows of workers, changes in employment and changes in the … firms in 1988 and 1990) we discover that: 1) Nearly half of all hiring is by firms where employment is not growing; 2) Over … imply that macroeconomic fluctuations can have substantial effects beyond those indicated by net employment changes at the …

whether the inflow of immigrants in the period 1996-2007 decreased employment rates and/or if it altered the occupational …

In this paper we use indirect inference to estimate a joint model of earnings, employment, job changes, wage rates, and … although job seniority and job mobility also play significant roles. Unemployment shocks have a large impact on earnings in the … changes and unemployment make a large contribution to the variance of career earnings and operate mostly through the job …