Worker flows and job flows: A quantitative investigation
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 features...
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| Veröffentlicht in: | Review of economic dynamics 2016-10, Vol.22, p.1-20 |
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| container_title | Review of economic dynamics |
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| creator | Fujita, Shigeru Nakajima, Makoto |
| description | 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 features of worker transition rates and job flow rates. Important to this result are the distinctions between the job creation rate and the hiring rate and between the job destruction rate and the layoff rate. In the model without job-to-job transitions, these distinctions essentially disappear, thus making it impossible to simultaneously replicate the cyclical features of both labor market flows. [web URL: http://www.sciencedirect.com/science/article/pii/S1094202516300102] |
| doi_str_mv | 10.1016/j.red.2016.06.001 |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 1094-2025 |
| ispartof | Review of economic dynamics, 2016-10, Vol.22, p.1-20 |
| issn | 1094-2025 1096-6099 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_1857376219 |
| source | Access via ScienceDirect (Elsevier) |
| subjects | Employment creation Hiring Job creation Labor economics Labor market Labour economics Labour market Layoffs Recruitment Studies Transitions |
| title | Worker flows and job flows: A quantitative investigation |
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