Replication data for: Gross Worker Flows over the Business Cycle

Name: Replication data for: Gross Worker Flows over the Business Cycle
Published: 2017-11-01
License: This work is licensed under an Other license created by the data depositor. Please refer to the LICENSE file, which should be located alongside the project data and documentation.

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
Replication_AER_2012_1662			10/12/2019 12:29:AM
LICENSE.txt	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: 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:
      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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Published Versions

V1 [2019-10-12]

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This work is licensed under an Other license created by the data depositor. Please refer to the LICENSE file, which should be located alongside the project data and documentation.

This material is distributed exactly as it arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.