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Gross Labour Market Flows in Europe: Some Stylized Facts

Author

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  • Burda, Michael C
  • Wyplosz, Charles

Abstract

The purpose of this paper is to establish some stylized facts on gross labor market flows - using mostly new data from France, Germany, the United Kingdom and the United States - which any theory of unemployment ought to explain. The regularities on gross labor market flows that we isolate are inconsistent with a large class of theories of labor markets and business cycles. Key results are: flows into and out of unemployment are countercyclical; these flows move tightly together, over both the cycle and the long run; the bulk of exits from unemployment actually represent job findings rather than exits from the labor force; employment inflows and outflows are procyclical.

Suggested Citation

  • Burda, Michael C & Wyplosz, Charles, 1990. "Gross Labour Market Flows in Europe: Some Stylized Facts," CEPR Discussion Papers 439, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:439
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    Cited by:

    1. Jeff Borland, 1996. "Labour Market Flows Data for Australia," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 29(2), pages 225-235, April.
    2. Kilponen, Juha, 2000. "On the Efficiency of Job and Income Protection in the Dynamic Labour Markets," Discussion Papers 219, VATT Institute for Economic Research.
    3. Jørgen Elmeskov, 1993. "High and Persistent Unemployment: Assessment of the Problem and Its Causes," OECD Economics Department Working Papers 132, OECD Publishing.

    More about this item

    Keywords

    Business Cycle; Labour Force; Unemployment;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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