Replication data for: Exogenous versus Endogenous Separation

Principal Investigator(s):  View help for Principal Investigator(s) Shigeru Fujita; Garey Ramey

Version:  View help for Version V1

Name File Type Size Last Modified
Readme_Data_2011236.pdf application/pdf 18.9 KB 10/12/2019 05:38:PM
ac.m text/plain 622 bytes 10/12/2019 05:38:PM
cc.m text/plain 824 bytes 10/12/2019 05:38:PM
const_endog_siml.m text/plain 4.1 KB 10/12/2019 05:38:PM
const_endog_solve.m text/x-fortran 3 KB 10/12/2019 05:38:PM
empirical_data.xls application/vnd.ms-excel 40.5 KB 10/12/2019 05:38:PM
hpfilter.m application/octet-stream 442 bytes 10/12/2019 05:38:PM
ojs_siml.m text/plain 7.2 KB 10/12/2019 05:38:PM
ojs_solve.m text/x-fortran 6.7 KB 10/12/2019 05:38:PM
sd.m text/plain 333 bytes 10/12/2019 05:38:PM

Project Description

Summary:  View help for Summary This paper assesses how various approaches to modeling the separation margin affect the quantitative ability of the Mortensen-Pissarides labor matching model. The model with a constant separation rate fails to produce realistic volatility and productivity responsiveness of the separation rate and worker flows. The specification with endogenous separation succeeds along these dimensions. Allowing for on-the-job search enables the model to replicate the Beveridge curve. All specifications, however, fail to generate sufficient volatility of the job finding rate. While adopting the Hagedorn-Manovskii calibration remedies this problem, the volume of job-to-job transitions in the on-the-job search specification becomes essentially zero. (JEL E24, J41, J64)

Scope of Project

JEL Classification:  View help for JEL Classification
      E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
      J41 Labor Contracts
      J64 Unemployment: Models, Duration, Incidence, and Job Search


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V1 [2019-10-12]

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