The Cyclicality of the Separation and Job Finding Rates in France
AbstractIn this paper, we aim to shed light on the relative contribution of the separation and job finding rates to French unemployment at business cycle frequencies by using administrative data on registered unemployment and labor force surveys. We first investigate the fluctuations in steady state unemployment, and then in current unemployment in order to take into account the unemployment deviations from equilibrium. Our results show the dominant role of the job finding rate in accounting for French unemployment fluctuations. The contribution of the job finding rate amounts to about two-thirds of the unemployment dynamics. With the two data sets, we find that both rates contributed to unemployment fluctuations during the nineties, while the job finding rate has been more significant in the last decade. In particular, the last business cycle episodes, including the last recession, exacerbate the role of the job finding rate
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Bibliographic InfoPaper provided by Centre de Recherche en Economie et Statistique in its series Working Papers with number 2012-22.
Date of creation: Jun 2012
Date of revision:
Unemployment variability; Job Separation; Job Finding; Worket Flows;
Other versions of this item:
- Jean-Olivier Hairault & Thomas Le Barbanchon & Thepthida Sopraseuth, 2013. "The cyclicality of the separation and job finding rates in France," THEMA Working Papers 2013-07, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
- Hairault, Jean-Olivier & Le Barbanchon, Thomas & Sopraseuth, Thepthida, 2012. "The Cyclicality of the Separation and Job Finding Rates in France," IZA Discussion Papers 6906, Institute for the Study of Labor (IZA).
- E24 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution
- J6 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Why is it so difficult to find a job in France?
by Economic Logician in Economic Logic on 2013-04-12 13:26:00
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