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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w19640 |
来源ID | Working Paper 19640 |
Recall and Unemployment | |
Shigeru Fujita; Giuseppe Moscarini | |
发表日期 | 2013-11-14 |
出版年 | 2013 |
语种 | 英语 |
摘要 | Using data from the Survey of Income and Program Participation (SIPP) covering 1990-2011, we document that a surprisingly large number of workers return to their previous employer after a jobless spell and experience more favorable labor market outcomes than job switchers. Over 40% of all workers separating into unemployment regain employment at their previous employer; over a fifth of them are permanently separated workers who did not have any expectation of recall, unlike those on temporary layoff. Recalls are associated with much shorter unemployment duration and better wage changes. Negative duration dependence of unemployment nearly disappears once recalls are excluded. We also find that the probability of finding a new job is more procyclical and volatile than the probability of a recall. Incorporating this fact into an empirical matching function significantly alters its estimated elasticity and the time-series behavior of matching efficiency, especially during the Great Recession. We develop a canonical search-and-matching model with a recall option where new matches are mediated by a matching function, while recalls are free and triggered both by aggregate and job-specific shocks. The recall option is lost when the unemployed worker accepts a new job. A quantitative version of the model captures well our cross-sectional and cyclical facts through selection of recalled matches. |
主题 | Macroeconomics ; Consumption and Investment ; Business Cycles ; Labor Economics ; Unemployment and Immigration |
URL | https://www.nber.org/papers/w19640 |
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/577314 |
推荐引用方式 GB/T 7714 | Shigeru Fujita,Giuseppe Moscarini. Recall and Unemployment. 2013. |
条目包含的文件 | 条目无相关文件。 |
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