Replication data for: Gross Worker Flows over the Business Cycle

Principal Investigator(s):  View help for Principal Investigator(s) Per Krusell; Toshihiko Mukoyama; Richard Rogerson; Ayşegül Şahin

Version:  View help for Version V1

Name File Type Size Last Modified
ConstructGrids.f90 text/plain 3.6 KB 10/11/2019 08:29:PM
ExpectedValueFunction.f90 text/plain 2.3 KB 10/11/2019 08:29:PM
GenerateShock.f90 text/plain 1.2 KB 10/11/2019 08:29:PM
Globals.f90 text/plain 3.9 KB 10/11/2019 08:29:PM
Initialize.f90 text/plain 1.5 KB 10/11/2019 08:29:PM
LinInterpModule.f90 text/plain 8.4 KB 10/11/2019 08:29:PM
Main.f90 text/plain 1.8 KB 10/11/2019 08:29:PM
Probabilities.f90 text/plain 2.5 KB 10/11/2019 08:29:PM
SaveVF.f90 text/plain 2.3 KB 10/11/2019 08:29:PM
SimulateData.f90 text/plain 31.5 KB 10/11/2019 08:29:PM

Project Description

Summary:  View help for Summary We build a hybrid model of the aggregate labor market that features both standard labor supply forces and frictions in order to study the cyclical properties of gross worker flows across the three labor market states: employment, unemployment, and nonparticipation. Our parsimonious model is able to capture the key features of the cyclical movements in gross worker flows. Despite the fact that the wage per efficiency unit is constant over time, intertemporal substitution plays an important role in shaping fluctuations in the participation rate.

Scope of Project

JEL Classification:  View help for JEL Classification
      E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
      E32 Business Fluctuations; Cycles
      J22 Time Allocation and Labor Supply
      J31 Wage Level and Structure; Wage Differentials
      J64 Unemployment: Models, Duration, Incidence, and Job Search
      J65 Unemployment Insurance; Severance Pay; Plant Closings


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Published Versions

V1 [2019-10-12]

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