𝔖 Bobbio Scriptorium
✦   LIBER   ✦

A structural model of US aggregate job flows

✍ Scribed by Fabrice Collard; Patrick Fève; François Langot; Corinne Perraudin

Publisher
John Wiley and Sons
Year
2002
Tongue
English
Weight
223 KB
Volume
17
Category
Article
ISSN
0883-7252

No coin nor oath required. For personal study only.

✦ Synopsis

Abstract

This paper contributes to the analysis of jobs flows dynamics through the explicit modelling of job creations and job destructions. We propose a simple matching model extended for endogenous separation and tractable heterogeneity. The parameters of the model are estimated using a simulation‐based estimation method. We then test the ability of trade externalities, generated by the matching process, to (i) propagate reallocation and aggregate disturbances in the whole labor market and (ii) generate the observed distribution of aggregate job flows. The results clearly indicate that the model is able to match the dynamics of US aggregate job flows. Copyright © 2002 John Wiley & Sons, Ltd.

📜 SIMILAR VOLUMES

A structural model of aggregate US job f
A structural model of aggregate US job flows: another look
✍ Philipp Schmidt-Dengler 📂 Article 📅 2003 🏛 John Wiley and Sons 🌐 English ⚖ 73 KB

## Abstract A recent article (Collard __et al.__, 2002) published in this journal presented a structural model of aggregate job flows. Unrestricted estimation of the model yields parameter estimates that would imply an unemployment rate of 99%. Instead of solving this problem by fixing one of the p

Structure of the Aggregates During the P
Structure of the Aggregates During the Process of Aggregation and Breakup Under a Shear Flow
✍ Teresa Serra; Xavier Casamitjana 📂 Article 📅 1998 🏛 Elsevier Science 🌐 English ⚖ 127 KB

A particle size analyzer together with a video camera has been used to investigate the structure of the aggregates during the process of aggregation and breakup of particles in a shear flow induced by means of a Couette-flow system. Three different values for the shear rate have been used (25, 32, a

‘Irrational exuberance’ and capital flow
‘Irrational exuberance’ and capital flows for the US New Economy: a simple global model
✍ Marcus Miller; Olli Castrén; Lei Zhang 📂 Article 📅 2007 🏛 John Wiley and Sons 🌐 English ⚖ 207 KB

In a stylized and analytically tractable model of the global economy, we first calculate the Pareto improvement when a country experiencing a favourable supply side shock consumes more against expected future output and spreads the risk by selling shares. With capital inflows to finance the 'New Eco