| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w23059 |
| 来源ID | Working Paper 23059 |
| Hires and Separations in Equilibrium | |
| Edward P. Lazear; Kristin McCue | |
| 发表日期 | 2017-01-23 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | Hiring is positively correlated with separation, both across firms and over time. A theory of hiring and separation based on shifts in demand implies the opposite. One firm or industry hires and grows when another fires and contracts. But hiring for expansion and layoff for contraction comprises the minority of hiring and separation. A more accurate view is that hiring and separation reflect churn and are balanced in equilibrium, where one is the mirror image of the other. Hiring occurs primarily to fill vacant slots that open up when a firm separates a worker. Equivalently, a separation results when a worker is hired away by another firm. A model of efficient mobility yields several specific predictions in addition to the positive correlation between hires and separations. Labor market churn is most likely in firms and industries with low mean wages and high wage variance. Additionally, churn decreases during recessions with hires falling first followed by a decline in separations to match hiring. Finally, the young are predicted to bear the brunt of hiring declines. These predictions are borne out in the LEHD microdata at the economy and firm levels. |
| 主题 | Macroeconomics ; Consumption and Investment ; Labor Economics ; Other ; Accounting, Marketing, and Personnel |
| URL | https://www.nber.org/papers/w23059 |
| 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/580733 |
| 推荐引用方式 GB/T 7714 | Edward P. Lazear,Kristin McCue. Hires and Separations in Equilibrium. 2017. |
| 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 | ||
| w23059.pdf（820KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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