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La dynamique des taux de chômage, de destruction et de retour à l'emploi

Author

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  • Camille Abeille-Becker
  • Pierrick Clerc

Abstract

In this paper, we determine a particular calibration that makes the search and matching model able to replicate the unemployment volatility with the right contributions for the job finding and destruction rates. We stress a significant mechanism of the model: introducing cyclical destructions amplifies the volatility of the job finding rate. This mechanism implies that the model with endogenous destructions does not require real wage rigidities. It also implies that the value for the employment opportunity cost necessary to reproduce all the volatilities is lower than the one used in the model with exogenous destruction and more realistic. Classification JEL : E24, J63, J64.

Suggested Citation

  • Camille Abeille-Becker & Pierrick Clerc, 2013. "La dynamique des taux de chômage, de destruction et de retour à l'emploi," Revue économique, Presses de Sciences-Po, vol. 64(3), pages 519-526.
    • Handle: RePEc:cai:recosp:reco_643_0519
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    More about this item

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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