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 1713, C.E.P.R. Discussion Papers.
- J60 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - General
- J63 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - Turnover; Vacancies; Layoffs
- L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
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- Ricardo Mamede, 2009.
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- Eugenio P. Pinto, 2009. "Firms' relative sensitivity to aggregate shocks and the dynamics of gross job flows," Finance and Economics Discussion Series 2009-02, Board of Governors of the Federal Reserve System (U.S.).
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