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来源类型Working Paper
规范类型报告
DOI10.3386/w17910
来源IDWorking Paper 17910
Hiring, Churn and the Business Cycle
Edward P. Lazear; James R. Spletzer
发表日期2012-03-09
出版年2012
语种英语
摘要Churn, defined as replacing departing workers with new ones as workers move to more productive uses, is an important feature of labor dynamics. The majority of hiring and separation reflects churn rather than hiring for expansion or separation for contraction. Using the JOLTS data, we show that churn decreased significantly during the most recent recession with almost four-fifths of the decline in hiring reflecting decreases in churn. Reductions in churn have costs because they reflect a reduction in labor movement to higher valued uses. We estimate the cost of reduced churn to be $208 billion. On an annual basis, this amounts to about .4% of GDP for a period of 3 1/2 years.
主题Labor Economics ; Labor Supply and Demand ; Unemployment and Immigration
URLhttps://www.nber.org/papers/w17910
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/575586
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Edward P. Lazear,James R. Spletzer. Hiring, Churn and the Business Cycle. 2012.
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