4 edition of U.S. labor market dynamics revisited found in the catalog.
U.S. labor market dynamics revisited
by Centre for Economic Performance, London School of Economics and Political Science in London
Written in English
The picture of U.S. labor market dynamics is opaque. Empirical studies have yielded contradictory findings and debates have emerged regarding their implications. This paper aims at clarifying the picture, which is important for the understanding of the operation of the labor market, for the study of business cycles, for the explanation of wage behavior, and for the formulation of policy. The paper determines what facts can be established, what are their implications, and what remains to be further investigated. The main contributions made here are: (i) Listing of data facts that can be agreed upon. These indicate that there is considerable cyclicality and volatility of both accessions to employment and separations from it. Hence, both are important for the understanding of the business cycle. (ii) Presenting the business cycle facts of key series. (iii) Pointing to specific gaps in the data picture: disparities in the measurement of the sizeable flows between employment and the pool of workers out of the labor force, disagreements about the relative volatility of job finding and separation rates across data sets, and the fact that the fit of the gross flows data with net employment growth data differs across studies and is not high. The definite characterization of labor market dynamics depends upon the closing of these data gaps.
|Series||CEP discussion paper -- no. 831|
|Contributions||London School of Economics and Political Science. Centre for Economic Performance.|
|The Physical Object|
|LC Control Number||2007619435|
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Downloadable. The picture of U.S. labor market dynamics is opaque. Empirical studies have yielded contradictory findings and debates have emerged regarding their implications. This paper aims at clarifying the picture, which is important for the understanding of the operation of the labor market, for the study of business cycles, for the explanation of wage behavior, and for the.
Downloadable. The picture of U.S. labor market dynamics is opaque. Empirical studies of U.S. gross worker flows have yielded contradictory findings, and it is not easy to get a sense of the key moments of the data. Debates have emerged regarding the implications of these flows for the understanding of the business cycle.
The early view was that worker separations from jobs are. U.S. Labor Market Dynamics Revisited Eran Yashiv∗ TelAvivUniversity,CEPR,IZA,andCEP(LSE) First submitted: Septem This revision: September 3, Abstract The picture of U.S.
labor market dynamics is opaque. Empirical studies have yielded con-tradictory ﬁndings and debates have emerged regarding their implications.
This paper aimsCited by: U.S. labor market dynamics revisited Interpretation of the Data and Emerging Questions I briefly summarize the interpretation given in the literature to the gross worker flows data—the variables MUE, MNE, SEU, SEN—in accounting for U.S.
labor market dynamics. Trend. Ritter () and Bleakley et al. () report a downward trendCited by: The picture of U.S. labor market dynamics is opaque. Empirical studies have yielded contradictory findings and debates have emerged regarding their implications.
This paper aims at clarifying the picture, which is important for the understanding of the operation of the labor market, for the study of business cycles, for the explanation of wage behavior, and for the formulation of policy.
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