The Reallocation of Labour and the Lifecycle of Firms
Abstract
This paper uses a unique 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.Download Info
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Bibliographic Info
Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 1713.Length:
Date of creation: Oct 1997
Date of revision:
Handle: RePEc:cpr:ceprdp:1713
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Related research
Keywords: Death of Firms; Job Reallocation; Lifecycle of Firms; Worker Reallocation;Other versions of this item:
- Burgess, Simon & Lane, Julia & Stevens, David, 2000. " The Reallocation of Labour and the Lifecycle of Firms," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 62(0), pages 885-907, Special I.
- 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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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- 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.
- 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 11-047, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
- Mamede, Ricardo, 2006.
"Towards an integrated approach to industry dynamics and labour mobility,"
MPRA Paper
3994, University Library of Munich, Germany.
- 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.
- 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 2006-03, Center for Economic Studies, U.S. Census Bureau.
- Pekka Ilmakunnas & Mika Maliranta, 2005.
"Worker inflow, outflow, and churning,"
Applied Economics,
Taylor and Francis Journals, vol. 37(10), pages 1115-1133.
- Ilmakunnas, Pekka & Maliranta, Mika, 2003. "Worker Inflow, Outflow, and Churning," Discussion Papers 861, The Research Institute of the Finnish Economy.
- 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.).
- Wolter Hassink & Lourens Broersma, 2003. "Quits, layoffs, and job destruction," Applied Economics, Taylor and Francis Journals, vol. 35(18), pages 1911-1914.
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