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We provide new evidence that large firms or establishments are more sensitive than small ones to business cycle conditions. Larger employers shed proportionally more jobs in recessions and create more of their new jobs late in expansions, both in gross and net terms. The differential growth rate...
Persistent link: https://www.econbiz.de/10012757838
Who fares worse in an economic downturn, low- or high-paying firms? Different answers to this question imply very different consequences for the costs of recessions. Using U.S. employer-employee data, we find that employment growth at low-paying firms is less cyclically sensitive. High-paying...
Persistent link: https://www.econbiz.de/10013043227
We study the relationship between employment growth and worker flows in excess of job flows (churn) at the establishment level using the new German AWFP dataset spanning from 1975-2014. Churn is above 5 percent of employment along the entire employment growth distribution and most pronounced at...
Persistent link: https://www.econbiz.de/10011737495
the Beveridge curve in Austria. We find empirical evidence to confirm that the increase in the unemployment rate in …
Persistent link: https://www.econbiz.de/10012163054
the Beveridge curve in Austria. We find empirical evidence to confirm that the increase in the unemployment rate in …
Persistent link: https://www.econbiz.de/10011962116
the Beveridge curve in Austria. We find empirical evidence to confirm that the increase in the unemployment rate in …
Persistent link: https://www.econbiz.de/10012285972
The public employment service (PES) makes use in many countries of vacancy referrals as to facilitate the matching between unemployed workers and vacancies. Based on a “timing-of-events” approach to control for selective participation, this study evaluates whether this policy instrument...
Persistent link: https://www.econbiz.de/10011820623
unemployment has a weak positive effect on the probability of filling a vacancy, while the number of vacancies in the local labor … during recessions. -- Vacancies ; Unemployment ; Matching ; Labor demand ; Employment dynamics ; Business cycle …
Persistent link: https://www.econbiz.de/10009656972
whether changes in matching frictions can explain the large and persistent increase in Mexican unemployment after the 2008 … unemployment rate. Hence, these results suggest that changes in matching frictions cannot explain most of the increase in … unemployment. …
Persistent link: https://www.econbiz.de/10010370084
. The aim of the paper is to analyse the transitional dynamics of unemployment and vacancies when financial constraints are … describes the transition path of unemployment and vacancies to their steady state values. We show that the transition path … downward sloping. This implies unemployment and vacancies adjust in opposite directions as observed in the data. When …
Persistent link: https://www.econbiz.de/10013011134