| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16370 |
| DP16370 Returns to Labor Mobility: Layoff Costs and Quit Turbulence | |
| Isaac Baley; Lars Ljungqvist; Thomas Sargent | |
| 发表日期 | 2021-07-19 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | Although they are studied too rarely, returns to labor mobility transmit important forces that decisively shape outcomes in macro-labor models. By focusing on returns to labor mobility, this paper sheds new light on calibrations of influential macro-labor studies and resolves an issue about the turbulence-theoretic explanation of trans-Atlantic unemployment experiences. It does so by invoking a cross-phenomenon restriction -- in our case, how returns to labor mobility determine effects on unemployment of changes in layoff costs, on the one hand, and changes in quit turbulence, on the other hand. We also spotlight two distinct perspectives and associated sources of data: one from labor economics and another from the economics of industrial organization. Ultimately, we are reminded of the rule that new theories "must not throw out all the successes of former theories. ... to preserve the successes of the past is not only a constraint, but also a guide." |
| 主题 | Labour Economics ; Macroeconomics and Growth |
| 关键词 | Labor mobility Quits Turnover Layoff cost Turbulence Unemployment Human capital Skills Matching model Search-island model |
| URL | https://cepr.org/publications/dp16370 |
| 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/545333 |
| 推荐引用方式 GB/T 7714 | Isaac Baley,Lars Ljungqvist,Thomas Sargent. DP16370 Returns to Labor Mobility: Layoff Costs and Quit Turbulence. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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