| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14004 |
| DP14004 Macro Recruiting Intensity from Micro Data | |
| Giovanni L. Violante; Simon Mongey | |
| 发表日期 | 2019-09-17 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | We merge QCEW and JOLTS microdata to study the recruiting intensity of firms in the cross section and over time. Vast establishment-level heterogeneity in vacancy filling rates is entirely explained by differences in gross hiring rates. Through the lens of standard theory, we aggregate firm-level decisions into an measure of aggregate recruiting intensity (ARI). Procyclicality of ARI is primarily due to cutting recruiting effort in slack labor markets. Given this we provide an ARI index easily computable from publicly available macroeconomic data. Declining ARI in the Great Recession accounted for much of the increase in unemployment, but little of its persistence. |
| 主题 | Labour Economics ; Monetary Economics and Fluctuations |
| 关键词 | Aggregate matching efficiency Firm heterogeneity Recruiting intensity Unemployment Vacancies |
| URL | https://cepr.org/publications/dp14004 |
| 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/542886 |
| 推荐引用方式 GB/T 7714 | Giovanni L. Violante,Simon Mongey. DP14004 Macro Recruiting Intensity from Micro Data. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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