| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w5767 |
| 来源ID | Working Paper 5767 |
| Aggregate Employment Fluctuations with Microeconomic Asymmetries | |
| Jeffrey R. Campbell; Jonas D.M. Fisher | |
| 发表日期 | 1996-09-01 |
| 出版年 | 1996 |
| 语种 | 英语 |
| 摘要 | We provide a simple explanation for the observation that the variance of job destruction is greater than the variance of job creation: job creation is costlier at the margin than job destruction. As Caballero [2] has argued, asymmetric employment adjustment costs at the establishment level need not imply asymmetric volatility of aggregate job flows. We construct an equilibrium model in which (S,s)-type employment policies respond endogenously to aggregate shocks. The microeconomic asymmetries in the model can dampen the response of total job creation to an aggregate shock and cause it to be less volatile than total job destruction. This is so even though aggregate shocks are symmetrically distributed. |
| 主题 | Macroeconomics ; Macroeconomic Models |
| URL | https://www.nber.org/papers/w5767 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/563255 |
| 推荐引用方式 GB/T 7714 | Jeffrey R. Campbell,Jonas D.M. Fisher. Aggregate Employment Fluctuations with Microeconomic Asymmetries. 1996. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w5767.pdf（1286KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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