Modeling Matched Job-Worker Flows
نویسنده
چکیده
What can one infer about labor market °ows from matched employer-employee panel data? The purpose of this paper is to sketch possible answers to this question. A general but simple labor market equilibrium model of hire and separation °ows is developed in the paper. The model embodies the hypothesis that worker productivity di®ers across employers and that worker and employer °ows re°ect responses to these di®erences in a labor market characterized by friction. In the modeled market, each agent acts optimally taking as given the wage o®er distribution and market tightness and these in turn are determined by their collective action. The existence of a labor market equilibrium is established under two di®erent wage determination models: rent sharing and wage posting. A demonstration that market °ow parameters, search and recruiting e®ort functions, and the equilibrium wage distribution can be estimated with matched job-work °ow data is the principal contribution of the paper.
منابع مشابه
Worker Flows, Job Flows and Firm Wage Policies: An Analysis of Slovenia*
Like many transition economies, Slovenia is undergoing profound changes in the workings of the labor market with potentially greater flexibility in terms of both wage and employment adjustment. We investigate the impact of the changing labor market for Slovenia using unique longitudinal matched employer-employee data that permits measurement of employment transitions and wages for workers and l...
متن کاملNo . 13 - 9 Worker Flows and Job Flows : a Quantitative
This paper studies the quantitative properties of a multiple-worker firm matching model with on-the-job search where heterogeneous firms operate decreasing-returns-toscale production technology. We focus on the model’s ability to replicate the business cycle features of job flows, worker flows between employment and unemployment, and job-to-job transitions. The calibrated model successfully rep...
متن کاملWorker Flows and Job Flows: A Quantitative Investigation
This paper studies cyclical properties of worker flows and job flows simultaneously in a multiple-worker version of the search/matching model where firms decide how many workers they hire or shed under the presence of idiosyncratic and aggregate uncertainties. Wages are determined by intra-firm bargaining between a firm and its multiple workers. Our calibration incorporates microand macro-level...
متن کاملDid the Housing Price Bubble Clobber Local Labor Market Job and Worker Flows When It Burst ?
We integrate local labor market data on worker flows (accession and separation rates), job flows (creation and destruction rates), employment levels, and earnings with MSA-level data on housing prices and local area unemployment, in order to study the local labor market dynamics associated with the U.S. housing price bubble of the late 2000s. We proceed to study the magnitude and timing of the ...
متن کاملA Model of Job and Worker Flows
We develop an equilibrium search model that incorporates job-to-job transitions, exhibits instances of replacement hiring, and conceptually distinguishes between job and worker flows. We propose a notion of competitive equilibrium for random matching environments and study the extent to which it achieves an efficient allocation of resources. The model can be used to study how the permanent inco...
متن کامل