Replication data for: Marginal Jobs, Heterogeneous Firms, and Unemployment Flows
Principal Investigator(s): View help for Principal Investigator(s) Michael W. L. Elsby; Ryan Michaels
Version: View help for Version V1
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Project Description
Summary:
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This paper introduces a notion of firm size into a search and matching
model with endogenous job destruction. The outcome is a rich,
yet analytically tractable framework that can be used to analyze a
broad set of features of both the cross-section and aggregate dynamics of the labor market. The model provides a coherent account of the distributions of employer size and employment growth across establishments, the amplitude and propagation of cyclical fluctuations in worker flows, the negative comovement of unemployment and vacancies, and the dynamics of the distribution of employer size over the business cycle. (JEL E24, E32, J63, J64)
Scope of Project
JEL Classification:
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E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
E32 Business Fluctuations; Cycles
J63 Labor Turnover; Vacancies; Layoffs
J64 Unemployment: Models, Duration, Incidence, and Job Search
E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
E32 Business Fluctuations; Cycles
J63 Labor Turnover; Vacancies; Layoffs
J64 Unemployment: Models, Duration, Incidence, and Job Search
Related Publications
Published Versions
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