منابع مشابه
Working Paper No. 11-44/r Declining Labor Turnover and Turbulence
The purpose of this paper is to identify possible sources of the secular decline in the aggregate job separation rate over the last three decades. First, I show that aging of the labor force alone cannot account for the entire decline. To explore other sources, I use a simple labor matching model with two types of workers, experienced and inexperienced, where the former type faces a risk of ski...
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We use two distinct panel datasets to extract and examine data on the labor share of output. From the first, we examine trends in the economy-wide labor share and from the second, we examine trends in the labor share of the manufacturing sector over the last three decades. Both datasets show that labor shares have decreased, starting from about 1980, in most regions of the world. This finding i...
متن کاملJob Turnover, Unemployment and Labor Market Institutions
This paper studies the role of labor market institutions on unemployment and on the cyclical properties of job flows. We construct an intertemporal general equilibrium model with search unemployment and endogenous job turnover, and examine the consequences of introducing an unemployment benefit, a firing cost and a downward wage rigidity. The model is able to reproduce the main cyclical propert...
متن کاملLabor Force Migration, Unemployment and Job Turnover
[Excerpt] In this paper, we show how labor turnover considerations can be integrated into the human investment theory of migration and demonstrate that such a model provides a much better explanation for migration rates into major metropolitan areas than the conventionally-used unemployment rate. The method used here may be of interest as well to researchers working on other human investment pr...
متن کاملLabor Turnover in the U.s. Federal Bureaucracy
This paper presents an empirical analysis of labor turnover in the U.S. federal bureaucracy. The results indicate that job experience in politically important federal agencies is valued by the private sector. Hence (high-level) bureaucrats employed in these agencies have high turnover probabilities. The analysis also shows that equalization of federal sector and private sector wage rates would ...
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ژورنال
عنوان ژورنال: Journal of Monetary Economics
سال: 2018
ISSN: 0304-3932
DOI: 10.1016/j.jmoneco.2017.12.005