Marginal Jobs, Heterogeneous Firms, and Unemployment Flows
Marginal Jobs, Heterogeneous Firms, and Unemployment Flows
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DOI：
10.1257/mac.5.1.1
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发表时间：
2013-01-01
影响因子：
6
通讯作者：
Michaels, Ryan
中科院分区：
文献类型：
--
作者：
Elsby, Michael W. L.;Michaels, Ryan
This paper introduces a notion of firm size into a search and matching model with endogenous job destruction. The outcome is a rich, yet analytically tractable framework that can be used to analyze a broad set of features of both the cross-section and aggregate dynamics of the labor market. The model provides a coherent account of the distributions of employer size and employment growth across establishments, the amplitude and propagation of cyclical fluctuations in worker flows, the negative comovement of unemployment and vacancies, and the dynamics of the distribution of employer size over the business cycle.
