Gross flows vs. net flows in the labor market: What is there to be learned?

Contini, Bruno; Revelli, Riccardo

doi:10.1016/s0927-5371(97)00018-3

Cited by 39 publications

(24 citation statements)

References 9 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…For example, Akerlof, Rose and Yellen (1988) report that quits are strongly procyclical, but layoffs do not have a strong steadystate relationship to cycles (measured by unemployment rate); total separations are therefore procyclical. They explain this with a vacancy chain model (see also Contini and Revelli, 1997). In a recovery, more opportunities to job switches open up, leading to a chain of vacancies and further job-to-job quits.…”

Section: Flows In the Business Sectormentioning

confidence: 99%

The turnover of jobs and workers in a deep recession: evidence from the Finnish business sector

Ilmakunnas¹,

Maliranta

2003

International Journal of Manpower

View full text Add to dashboard Cite

Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. ABSTRACT: Job and worker flows in the Finnish business sector are studied during a deep recession in the early 1990s. The data set, Employment Statistics, covers effectively the whole work force. The gross job and worker flow rates are fairly high. Much of the adjustment of labor input has happened through a reduced hiring rate rather than through an increased separation rate. However, during the recession the group of declining plants included more and larger plants than before, which led to reduced employment. Excess worker turnover (churning) and excess job reallocation have dropped during the recession. There is no strong evidence of the countercyclicality of job reallocation. The flows are calculated both for the whole business sector, and for seven main industries. Services have clearly higher flow rates than manufacturing, but the cyclical changes in the flows are fairly similar in all industries. To test the sensitivity of the results to data sources, job flows are calculated also using Business Register and Industrial Statistics. Terms of use: Documents in Theme: Labor marketsKeywords: job creation, job destruction, hiring, separation, churning, job reallocation TIIVISTELMÄ: Tutkimuksessa tarkastellaan työpaikka-ja työntekijävirtoja Suomen yrityssektorilla 1990-luvun alun syvän laman aikana. Aineistona käytetään työssäkäyntitilaston yksilöaineistoa, joka kattaa käytännössä ko. sektorin koko työvoiman. Työpaikkojen ja työn-tekijöiden bruttovirrat ovat suuria. Suuri osa työpanoksen sopeutuksesta on tapahtunut alentuneen työntekijöiden sisäänvirtausasteen kautta eikä niinkään nousseen ulos-virtausasteen kautta. Toisaalta laman aikana supistuvien toimipaikkojen ryhmään kuului enemmän ja suurempia toimipaikkoja, mikä johti työllisyyden alenemiseen. Työntekijöiden ylimääräinen vaihtuvuus (kirnuaminen) ja työpaikkojen ylimääräinen uudelleenallokaatio ovat alentuneet laman aikana. Tulokset eivät anna vahvaa tukea hypoteesille työpaikkojen uudelleenallokaation vastasyklisyydestä. Virrat on laskettu koko yrityssektorille ja seitsemälle päätoimialalle. Palvelualoilla virtojen asteet ovat selvästi korkeammat kuin teollisuudessa, mutta niiden suhdannevaihtelu on melko samanlaista kaikilla toimialoilla. Aineston vaikutuksia tuloksiin tutkitaan laskemalla työpaikkavirrat myös yritysrekisterin toimipaikka-aineistosta ja teollisuustilastosta.

show abstract

Section: Flows In the Business Sectormentioning

confidence: 99%

The turnover of jobs and workers in a deep recession: evidence from the Finnish business sector

Ilmakunnas¹,

Maliranta

2003

International Journal of Manpower

View full text Add to dashboard Cite

show abstract

“…See, e.g. Boeri (1994) and Burda and Wyplosz (1994) for Germany, Contini and Revelli (1993) for Italy, Blanchflower and Burgess (1994) and Konings (1995) for the U.K., Albaek and Sørensen (1994) for Denmark, Klette and Mathiassen (1994) for Norway.…”

Section: Introductionmentioning

confidence: 99%

Untitled

Broersma

Gautier

1997

Small Business Economics

View full text Add to dashboard Cite

“…28 Following Krause and Lubik (2006) and van Zandweghe (2009), we assume that jobs 28 Akerlof et al (1988) and Gomes (2008) suggest that job-to-job ‡ows account for around 50% of all job separations in the United States and the United Kingdom, respectively. However, Contini and Revelli (1997) suggest that the proportion is smaller than this in euro area countries. come in two types: 'good'jobs (that pay higher wages) and 'bad'jobs (that pay lower wages).…”

Section: Vacancy Costs As Sunk Costsmentioning

confidence: 84%

“…15 In the following, we assess each of the di¤erent modeling variants against these …ve stylised facts.…”

Section: Stylised Facts -The Transmission Of Monetary Policymentioning

confidence: 99%

See 1 more Smart Citation

Inflation Dynamics with Labour Market Matching: Assessing Alternative Specifications

et al. 2009

View full text Add to dashboard Cite

InflatIon dynamIcs wIth labour market matchIng assessIng alternatIve specIfIcatIons wo r k I n g pa p e r s e r I e s n o 1 0 5 3 / m ay 2 0 0 9 WAGE DYNAMICS NETWORKand Olivier Pierrard WO R K I N G PA PE R S E R I E S N O 1053 / M AY 20 0 9This paper can be downloaded without charge from http://www.ecb.europa.eu or from the Social Science Research Network electronic library at http://ssrn.com/abstract_id=1399283.In 2009 all ECB publications feature a motif taken from the €200 banknote. INFLATION DYNAMICS WITH LABOUR MARKET MATCHING Wage Dynamics NetworkThis paper contains research conducted within the Wage Dynamics Network (WDN). The WDN is a research network consisting of economists from the European Central Bank (ECB) and the national central banks (NCBs) of the EU countries. The WDN aims at studying in depth the features and sources of wage and labour cost dynamics and their implications for monetary policy. The specific objectives of the network are: i) identifying the sources and features of wage and labour cost dynamics that are most relevant for monetary policy and ii) clarifying the relationship between wages, labour costs and prices both at the firm and macro-economic level.The WDN is chaired by Frank Smets (ECB). Giuseppe Bertola (Università di Torino) and Julian Messina (Universitat de Girona) act as external consultants and Ana Lamo (ECB) as Secretary.The refereeing process of this paper has been co-ordinated by a team composed of Gabriel Fagan (ECB, chairperson), Philip Vermeulen (ECB), Giuseppe Bertola, Julian Messina, Jan Babecký (CNB), Hervé Le Bihan (Banque de France) and Thomas Mathä (Banque centrale du Luxembourg).The paper is released in order to make the results of WDN research generally available, in preliminary form, to encourage comments and suggestions prior to final publication. The views expressed in the paper are the author's own and do not necessarily reflect those of the ESCB. ECB Working Paper Series No 1053May 2009 Abstract 4 Non-technical summary 5

show abstract

Gross flows vs. net flows in the labor market: What is there to be learned?

Cited by 39 publications

References 9 publications

The turnover of jobs and workers in a deep recession: evidence from the Finnish business sector

The turnover of jobs and workers in a deep recession: evidence from the Finnish business sector

Untitled

Inflation Dynamics with Labour Market Matching: Assessing Alternative Specifications

Contact Info

Product

Resources

About