The cyclical behaviour of job and worker flows

Giuseppe Tattara and Marco Valentini
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Marco Valentini: Tolomeo srl

No 2007_16, Working Papers from Department of Economics, University of Venice "Ca' Foscari"

Abstract: This research exploits a large employer-level panel dataset in order to analyse employment and worker flows. Excess reallocation, the difference between worker and job flows at the firm level, is substantial and has a definite cyclical pattern. Both accessions and separations are cyclical in contrast to the conventional wisdom that assumes separation to be countercyclical. Separations increase in upswing, following the accession increase, and decline in recession. Unemployment during recession is not, to a large extent, due to an increase in the rate at which workers separate from their employers, as traditionally assumed among macroeconomists, but to the decline in job creations.

Keywords: Job Flows; Worker Flows; Reallocation; Cyclical behaviour (search for similar items in EconPapers)
JEL-codes: E24 E32 J21 J44 (search for similar items in EconPapers)
Pages: 22
Date: 2007
New Economics Papers: this item is included in nep-lab and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:ven:wpaper:2007_16

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