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U.S. Labor Market Dynamics Revisited

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  • Eran Yashiv
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    Abstract

    The picture of U.S. labor market dynamics is opaque. This paper aims at its clarification by (i) listing data facts that can be agreed upon; these indicate that there is considerable cyclicality and volatility of both accessions to and separations from employment and hence both are important for the understanding of the business cycle; (ii) presenting the business-cycle facts of key series; (iii) pointing to specific gaps in the data picture, showing that the definite characterization of labor market dynamics depends upon the closing of these data gaps. Copyright The editors of the "Scandinavian Journal of Economics" 2008 .

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    Bibliographic Info

    Article provided by Wiley Blackwell in its journal Scandinavian Journal of Economics.

    Volume (Year): 109 (2008)
    Issue (Month): 4 (03)
    Pages: 779-806

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    Handle: RePEc:bla:scandj:v:109:y:2008:i:4:p:779-806

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    Web page: http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1467-9442

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    Cited by:
    1. Bachmann, Ronald & David, Peggy, 2009. "The importance of two-sided heterogeneity for the cyclicality of labour market dynamics," Technical Reports 2009,05, Technische Universität Dortmund, Sonderforschungsbereich 475: Komplexitätsreduktion in multivariaten Datenstrukturen.
    2. Jeremy Schwartz, 2012. "Labor market dynamics over the business cycle: evidence from Markov switching models," Empirical Economics, Springer, Springer, vol. 43(1), pages 271-289, August.
    3. Bachmann, Ronald & Schaffner, Sandra, 2009. "Biases in the measurement of labour market dynamics," Technical Reports 2009,12, Technische Universität Dortmund, Sonderforschungsbereich 475: Komplexitätsreduktion in multivariaten Datenstrukturen.
    4. Bachmann, Ronald & Sinning, Mathias, 2012. "Decomposing the Ins and Outs of Cyclical Unemployment," IZA Discussion Papers 6362, Institute for the Study of Labor (IZA).
    5. Nissim Ben David, 2010. "A Technique for Gradual Identification of Labor Market Flows," Computational Economics, Society for Computational Economics, Society for Computational Economics, vol. 36(4), pages 341-364, December.
    6. Sandra Schaffner, 2009. "Heterogeneity in the Cyclical Sensitivity of Job-to-Job Flows," Ruhr Economic Papers, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen 0118, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.

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