The Reallocation of Labour and the Lifecycle of Firms
AbstractThis paper uses a unique US panel dataset of firms and workers to investigate the relationship between the firm's lifecycle and the reallocation of labour. We distinguish labour reallocation associated with job reallocation, and reallocation of workers over a fixed configuration of jobs. We find that firms at the beginning and end of their lifecycles contribute disproportionately to labour market flows, with sorting between firms particularly important among young firms, whereas sorting within firms is more important among mature firms. We also find that high churning flows are associated with a lower probability of a young firm surviving. Copyright 2000 by Blackwell Publishing Ltd
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Bibliographic InfoArticle provided by Department of Economics, University of Oxford in its journal Oxford Bulletin of Economics & Statistics.
Volume (Year): 62 (2000)
Issue (Month): 0 (Special Issue Dec.)
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Other versions of this item:
- Burgess, Simon & Lane, Julia & Stevens, David, 1997. "The Reallocation of Labour and the Lifecycle of Firms," CEPR Discussion Papers, C.E.P.R. Discussion Papers 1713, C.E.P.R. Discussion Papers.
- J60 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - General
- J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs
- L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
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- Pekka Ilmakunnas & Mika Maliranta, 2005.
"Worker inflow, outflow, and churning,"
Applied Economics, Taylor & Francis Journals,
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- Ricardo Mamede, 2009.
"Toward an integrated approach to industry dynamics and labor mobility,"
Industrial and Corporate Change,
Oxford University Press, vol. 18(1), pages 139-163, February.
- Mamede, Ricardo, 2006. "Towards an integrated approach to industry dynamics and labour mobility," MPRA Paper 3994, University Library of Munich, Germany.
- Wolter Hassink & Lourens Broersma, 2003. "Quits, layoffs, and job destruction," Applied Economics, Taylor & Francis Journals, Taylor & Francis Journals, vol. 35(18), pages 1911-1914.
- Frosch, Katharina & Göbel, Christian & Zwick, Thomas, 2011.
"Separating wheat and chaff: age-specific staffing strategies and innovative performance at the firm level,"
ZEW Discussion Papers, ZEW - Zentrum fÃ¼r EuropÃ¤ische Wirtschaftsforschung / Center for European Economic Research
11-047, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
- Frosch, Katharina & Göbel, Christian & Zwick, Thomas, 2011. "Separating wheat and chaff: age-specific staffing strategies and innovative performance at the firm level," Zeitschrift für ArbeitsmarktForschung - Journal for Labour Market Research, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany], vol. 44(4), pages 321-338.
- Eugenio P. Pinto, 2009. "Firms' relative sensitivity to aggregate shocks and the dynamics of gross job flows," Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) 2009-02, Board of Governors of the Federal Reserve System (U.S.).
- Kevin McKinney & Lars Vilhuber, 2006. "Using linked employer-employee data to investigate the speed of adjustments in downsizing firms," Longitudinal Employer-Household Dynamics Technical Papers, Center for Economic Studies, U.S. Census Bureau 2006-03, Center for Economic Studies, U.S. Census Bureau.
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