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We develop a simple model featuring search frictions and a nondegenerate labor supply decision along the extensive margin. The model is a standard version of the neoclassical growth model with indivisible labor with idiosyncratic shocks and frictions characterized by employment loss and...
Persistent link: https://www.econbiz.de/10013151365
In this paper, we provide a set of comparable estimates of aggregate monthly job-finding and separation rates for twenty-seven OECD (Organisation for Economic Co-operation and Development) countries; these estimates can be used for the cross-country calibration of search models of unemployment....
Persistent link: https://www.econbiz.de/10012729412
The U.S. economy has been going through a striking structural transformation—the secular reallocation of employment across sectors—over the past several decades. We propose a decomposition framework to assess the contributions of various margins of firm dynamics to this shift. Using...
Persistent link: https://www.econbiz.de/10012970127
The U.S. economy has been going through a striking structural transformation — the secular reallocation of employment across sectors — over the past several decades. We propose a decomposition framework to assess the contributions of various margins of firm dynamics to this shift. Using...
Persistent link: https://www.econbiz.de/10012984544
We develop a simple model featuring search frictions and a nondegenerate labor supply decision along the extensive margin. The model is a standard version of the neoclassical growth model with indivisible labor with idiosyncratic shocks and frictions characterized by employment loss and...
Persistent link: https://www.econbiz.de/10012463398
We provide a set of comparable estimates for the rates of inflow to and outflow from unemployment for fourteen OECD economies using publicly available data. We then devise a method to decompose changes in unemployment into contributions accounted for by changes in inflow and outflow rates for...
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