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Revisiting the Macroeconomic Effects of Labor Reallocation

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  • Emmanouil Gkiourkas, Theodore Panagiotidis, Gianluigi Pelloni

    (Wilfrid Laurier University)

Abstract

We revisit the macroeconomic effects of labor reallocation within the framework of Campbell and Kuttner (1996). We re-estimate their model, update the sample, and employ generalized and local impulse response functions. We confirm that total employment responses to reallocation shocks remain significant.

Suggested Citation

  • Emmanouil Gkiourkas, Theodore Panagiotidis, Gianluigi Pelloni, 2017. "Revisiting the Macroeconomic Effects of Labor Reallocation," LCERPA Working Papers 0102, Laurier Centre for Economic Research and Policy Analysis, revised 01 Jun 2017.
    • Handle: RePEc:wlu:lcerpa:0102
    Note: LCERPA Working Paper No. 2017-5
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    More about this item

    Keywords

    labor reallocation; unemployment; sectoral shifts;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

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