Evidence and Theory on Asymmetries in US Aggregate Job Flows
Recent studies of aggregate job flows in the US economy indicate that (i) specific sectoral shocks are important to account for aggregate job flows dynamics and (ii) aggregate creation and destruction dynamics display significant non-linearities. This paper aims to study whether a simple matching model in the labor market extended to firm heterogeneity and endogenous firings can account for these findings. Each firm chooses endogenously its level of hiring or firing depending on the level of sectoral shocks. Such a non-differentiability in policy rules allows, via aggregation, accounting for non-linear dynamics in aggregate job flows. The deep parameters of the model are then estimated using a simulated based estimation and testing method. We then show that the model is able to match the observed non-linear dynamics in aggregate job flows for a high enough level of heterogeneity.
(This abstract was borrowed from another version of this item.)
|Date of creation:||1998|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: 01 41 17 60 81
Web page: http://www.crest.fr
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:crs:wpaper:98-49. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Florian Sallaberry)
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.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.