Gross Worker Flows over the Business Cycle

被引：47

作者：

Krusell, Per ^{[1
,2
,3
]}

Mukoyama, Toshihiko ^{[4
,5
]}

Rogerson, Richard ^{[3
,6
]}

Sahin, Aysegul ^{[7
]}

机构：

[1] Stockholm Univ, Univ Goteborg, Inst Int Econ Studies, S-10691 Stockholm, Sweden

[2] CEPR, London, England

[3] NBER, Cambridge, MA 02138 USA

[4] Georgetown Univ, Dept Econ, 37th & O St NW, Washington, DC 20057 USA

[5] Univ Virginia, Charlottesville, VA 22903 USA

[6] Princeton Univ, Woodrow Wilson Sch, Princeton, NJ 08544 USA

[7] Fed Reserve Bank New York, 33 Liberty St, New York, NY 10045 USA

来源：

AMERICAN ECONOMIC REVIEW | 2017年 / 107卷 / 11期

关键词：

UNEMPLOYMENT-INSURANCE; JOB DESTRUCTION; EMPLOYMENT; CYCLICALITY; SEARCH; MODEL; PARTICIPATION; FLUCTUATIONS; BEHAVIOR; CREATION;

D O I：

10.1257/aer.20121662

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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.

引用

页码：3447 / 3476

页数：30

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