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The flow approach to labor markets: new data sources, micro-macro links and the recent downturn

1st Person: Davis, Steven J.
Additional Persons: Faberman, R. Jason; Haltiwanger, John
Type of Publication: Paper
Language: English
Published: Institute for the Study of Labor (IZA) 2005
Series: IZA Discussion Papers
Keywords: Arbeitsmobilität
Friktionelle Arbeitslosigkeit
Personalbedarf
USA
Frictional unemployment
United States
Online: https://www.econstor.eu/bitstream/10419/33230/1/497229439.pdf
id
oai_econstor.eu_10419-33230
recordtype
econstor
institution
MPG
collection
ECONSTOR
title
The flow approach to labor markets: new data sources, micro-macro links and the recent downturn
spellingShingle
The flow approach to labor markets: new data sources, micro-macro links and the recent downturn
Arbeitsmobilität
Friktionelle Arbeitslosigkeit
Personalbedarf
USA
Frictional unemployment
United States
Davis, Steven J.
IZA Discussion Papers
title_short
The flow approach to labor markets: new data sources, micro-macro links and the recent downturn
title_full
The flow approach to labor markets: new data sources, micro-macro links and the recent downturn
title_fullStr
The flow approach to labor markets: new data sources, micro-macro links and the recent downturn
title_full_unstemmed
The flow approach to labor markets: new data sources, micro-macro links and the recent downturn
title_sort
The flow approach to labor markets: new data sources, micro-macro links and the recent downturn
format
electronic Article
format_phy_str_mv
Paper
publisher
Institute for the Study of Labor (IZA)
publishDate
2005
language
English
topic
Arbeitsmobilität
Friktionelle Arbeitslosigkeit
Personalbedarf
USA
Frictional unemployment
United States
topic_facet
Frictional unemployment
United States
author
Davis, Steven J.
author2
Faberman, R. Jason
Haltiwanger, John
author2Str
Faberman, R. Jason
Haltiwanger, John
description
New data sources and products developed by the Bureau of Labor Statistics and the Bureau of the Census highlight the dynamic character of U.S. labor markets. Private-sector job creation and destruction rates average nearly 8% of employment per quarter. Worker flows in the form of hires and separations are more than twice as large. The data also underscore the lumpy nature of micro-level employment adjustments. More than two-thirds of job destruction occurs at establishments that shrink by more than 10% within the quarter, and more than one-fifth occurs at those that go to zero employment. Our study also uncovers highly nonlinear relationships of worker flows to employment growth and job flows at the micro level. These micro relations interact with movements over time in the cross-sectional density of establishment growth rates to produce recurring cyclical patterns in aggregate labor market flows. Cyclical movements in the layoffs-separation ratio, for example, and the propensity of separated workers to become unemployed reflect distinct micro relations for quits and layoffs. A dominant role for the job-finding rate in accounting for unemployment movements in mild downturns and a bigger role for the job-loss rate in severe downturns reflect distinct micro relations for hires and layoffs.
url
https://www.econstor.eu/bitstream/10419/33230/1/497229439.pdf
series
IZA Discussion Papers
seriesStr
IZA Discussion Papers
IZA Discussion Papers
series2
IZA Discussion Papers
series2_facet
IZA Discussion Papers
up_date
2019-11-12T03:50:17.986Z
_version_
1649966470682116098

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