全球智库信息集成服务系统(G2TT): Comparative Advantage in Cyclical Unemployment

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w13231
来源ID	Working Paper 13231
	Comparative Advantage in Cyclical Unemployment
	Mark Bils; Yongsung Chang; Sun-Bin Kim
发表日期	2007-07-08
出版年	2007
语种	英语
摘要	We introduce worker differences in labor supply, reflecting differences in skills and assets, into a model of separations, matching, and unemployment over the business cycle. Separating from employment when unemployment duration is long is particularly costly for workers with high labor supply. This provides a rich set of testable predictions across workers: those with higher labor supply, say due to lower assets, should display more procyclical wages and less countercyclical separations. Consequently, the model predicts that the pool of unemployed will sort toward workers with lower labor supply in a downturn. Because these workers generate lower rents to employers, this discourages vacancy creation and exacerbates the cyclicality of unemployment and unemployment durations. We examine wage cyclicality and employment separations over the past twenty years for workers in the Survey of Income and Program Participation (SIPP). Wages are much more procyclical for workers who work more. This pattern is mirrored in separations; separations from employment are much less cyclical for those who work more. We do see for recessions a strong compositional shift among those unemployed toward workers who typically work less.
主题	Macroeconomics ; Consumption and Investment ; Business Cycles ; Labor Economics ; Unemployment and Immigration
URL	https://www.nber.org/papers/w13231
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/570900
推荐引用方式 GB/T 7714	Mark Bils,Yongsung Chang,Sun-Bin Kim. Comparative Advantage in Cyclical Unemployment. 2007.

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
w13231.pdf（569KB）	智库出版物		限制开放	CC BY-NC-SA	浏览