| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP6461
|
| DP6461 Pooling Risk Among Countries |
| Jean Imbs; Paolo Mauro
|
| 发表日期 | 2007-09-23
|
| 出版年 | 2007
|
| 语种 | 英语
|
| 摘要 | The picture of U.S. labour market dynamics is opaque. Empirical studies have yielded contradictory findings and debates have emerged regarding their implications. This paper aims at clarifying the picture, which is important for the understanding of the operation of the labour market, for the study of business cycles, for the explanation of wage behaviour, and for the formulation of policy. The paper determines what facts can be established, what are their implications, and what remains to be further investigated.
The main contributions made here are: (i) Listing of data facts that can be agreed upon. These indicate that there is considerable cyclicality and volatility of both accessions to employment and separations from it. Hence, both are important for the understanding of the business cycle. (ii) Presenting the business cycle facts of key series. (iii) Pointing to specific gaps in the data picture: disparities in the measurement of the sizeable flows between employment and the pool of workers out of the labour force, disagreements about the relative volatility of job finding and separation rates across data sets, and the fact that the fit of the gross flows data with net employment growth data differs across studies and is not high. The definite characterization of labour market dynamics depends upon the closing of these data gaps. |
| 主题 | International Macroeconomics
; Labour Economics
|
| 关键词 | Business cycles
Gross worker flows
Hiring
Job finding
Labour market dynamics
Separation
|
| URL | https://cepr.org/publications/dp6461
|
| 来源智库 | Centre for Economic Policy Research (United Kingdom)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535321
|
推荐引用方式
GB/T 7714 |
Jean Imbs,Paolo Mauro. DP6461 Pooling Risk Among Countries. 2007.
|
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