Marginal Jobs, Heterogeneous Firms, and Unemployment Flows
AbstractThis paper introduces a notion of firm size into a search and matching model with endogenous job destruction. The outcome is a rich, yet analytically tractable framework that can be used to analyze a broad set of features of both the cross-section and aggregate dynamics of the labor market. The model provides a coherent account of the distributions of employer size and employment growth across establishments, the amplitude and propagation of cyclical fluctuations in worker flows, the negative comovement of unemployment and vacancies, and the dynamics of the distribution of employer size over the business cycle. (JEL E24, E32, J63, J64)
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Bibliographic InfoArticle provided by American Economic Association in its journal American Economic Journal: Macroeconomics.
Volume (Year): 5 (2013)
Issue (Month): 1 (January)
Find related papers by JEL classification:
- E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs
- J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Yann Algan & Olivier Allais & Wouter J. Den Haan, 2006.
"Solving heterogeneous-agent models with parameterized cross-sectional distributions,"
PSE Working Papers
- Algan, Yann & Allais, Olivier & Den Haan, Wouter J., 2008. "Solving heterogeneous-agent models with parameterized cross-sectional distributions," Journal of Economic Dynamics and Control, Elsevier, Elsevier, vol. 32(3), pages 875-908, March.
- Olivier Allais & Wouter J Den Haan & Yann Algan, 2007. "Solving Heterogeneous-agent Models with Parameterized Cross-sectional Distributions," Sciences Po publications 6062, Sciences Po.
- Yann Algan & Olivier Allais & Wouter J. Den Haan, 2008. "Solving heterogenous-agent models with parameterized cross-sectional distributions," Working Papers 9149, Institut National de la Recherche Agronomique, France.
- Algan, Yann & Allais, Olivier & Den Haan, Wouter, 2007. "Solving Heterogeneous-Agent Models with Parameterized Cross-Sectional Distributions," CEPR Discussion Papers, C.E.P.R. Discussion Papers 6062, C.E.P.R. Discussion Papers.
- Olivier Allais & Wouter J Den Haan & Yann Algan, 2006. "Solving Heterogeneous-agent Models with Parameterized Cross-sectional Distributions," Sciences Po publications 2006 - 46, Sciences Po.
- Eberly, Janice C. & Van Mieghem, Jan A., 1997. "Multi-factor Dynamic Investment under Uncertainty," Journal of Economic Theory, Elsevier, Elsevier, vol. 75(2), pages 345-387, August.
- Cahuc, Pierre, 2014. "Search, Flows, Job Creations and Destructions," IZA Discussion Papers 8173, Institute for the Study of Labor (IZA).
- Daniel Kopasker & Holger Görg & Hassan Molana & Catia Montagna, 2013. "Negative Shocks, Job Creation, and Selection," WWWforEurope Working Papers series, WWWforEurope 11, WWWforEurope.
- Leland D. Crane, 2014. "Firm Dynamics and Assortative Matching," Working Papers, Center for Economic Studies, U.S. Census Bureau 14-25, Center for Economic Studies, U.S. Census Bureau.
- Marginal Jobs, Heterogeneous Firms, and Unemployment Flows (AEJ:MA 2013) in ReplicationWiki
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