Can the Mortensen & Pissarides Model Reproduce the Asymmetric Dynamics of US and French Aggregate Gross Job Flows?
When calibrated, the Mortensen & Pissarides  is able to produce some stylized facts highlighted by empirical studies on US gross job flowa. However, other stylized facts concerning their asymmetric properties are generally neglected at the aggregate level. The aim of this paper is to test if the Mortensen & Pissarides model is able to statistically reproduce the asymmetric properties of aggregate gross job flows and then constitutes an acceptable representation of the data.
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|Date of creation:||2001|
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