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 |
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| Replication_AER_2012_1662 | 10/12/2019 12:29:AM | ||
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text/plain | 14.6 KB | 10/11/2019 08:29:PM |
Project Citation:
Krusell, Per, Mukoyama, Toshihiko, Rogerson, Richard, and Sahin, Aysegül. Replication data for: Gross Worker Flows over the Business Cycle. Nashville, TN: American Economic Association [publisher], 2017. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E112903V1
Project Description
Summary:
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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:
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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
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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