| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16733 |
| DP16733 Equilibrium Job Turnover and the Business Cycle | |
| Carlos Carrillo-Tudela; Alex Clymo; Melvyn G Coles | |
| 发表日期 | 2021-11-18 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | This paper develops and estimates a fully microfounded equilibrium business cycle model of the US labor market with aggregate productivity shocks. Those microfoundations are consistent with evidence regarding the underlying distribution of firm growth rates across firms [by age and size] and, when aggregated, are consistent with macro-evidence regarding gross job creation and job destruction flows over the cycle. By additionally incorporating on-the-job search, we systematically characterise the stochastic relationships between aggregate job creation and job destruction flows across firms, gross hire and quit flows [churning] by workers across firms, as well as the persistence and volatility of unemployment and worker job finding rates over the cycle. |
| 主题 | Labour Economics |
| 关键词 | Job search Firm dynamics Business cycle |
| URL | https://cepr.org/publications/dp16733 |
| 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/545668 |
| 推荐引用方式 GB/T 7714 | Carlos Carrillo-Tudela,Alex Clymo,Melvyn G Coles. DP16733 Equilibrium Job Turnover and the Business Cycle. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
