IDEAS home Printed from https://ideas.repec.org/a/wly/jmoncb/v57y2025i4p757-791.html
   My bibliography  Save this article

Gross Worker Flows over the Life Cycle

Author

Listed:
  • TOMAZ CAJNER
  • İLHAN GÜNER
  • TOSHIHIKO MUKOYAMA

Abstract

We analyze the gross worker flows over the life cycle by constructing a quantitative general equilibrium model. Using U.S. data, we first document the life‐cycle patterns of flows across different labor market states (employment, unemployment, and not in the labor force), as well as job‐to‐job transitions. We then build a model of the aggregate labor market that incorporates the life cycle of workers, consumption‐saving decisions, and labor market frictions. We estimate the model and use it to examine the effects of policies on aggregate labor market outcomes. In particular, we analyze a taxes‐and‐transfers policy and an unemployment insurance policy.

Suggested Citation

  • Tomaz Cajner & İlhan Güner & Toshihiko Mukoyama, 2025. "Gross Worker Flows over the Life Cycle," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 57(4), pages 757-791, June.
    • Handle: RePEc:wly:jmoncb:v:57:y:2025:i:4:p:757-791
    DOI: 10.1111/jmcb.13114
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/jmcb.13114
    Download Restriction: no
    File URL: https://libkey.io/10.1111/jmcb.13114?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:jmoncb:v:57:y:2025:i:4:p:757-791. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0022-2879 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.