On firm-level, industry-level, and aggregate employment fluctuations
| dc.contributor.author | Casares Polo, Miguel | |
| dc.contributor.department | Economía | es_ES |
| dc.contributor.department | Ekonomia | eu |
| dc.date.accessioned | 2016-05-10T07:40:23Z | |
| dc.date.available | 2016-05-10T07:40:23Z | |
| dc.date.issued | 2013 | |
| dc.description.abstract | Employment fluctuations are examined, at different levels of aggregation, in a dynamic model that provides firm-specific hiring decisions due to search frictions and sticky pricing. The results indicate that firm-level employment dispersion rises with higher price stickiness and higher demand elasticity, whereas it falls with more convexity of search costs and with a higher labor supply elasticity. Industry-level employment is more volatile and less procyclical than aggregate employment, and a larger industry size reduces volatility and raises co-movement with output. The calibrated model is able to match the volatility, autocorrelation and cyclical correlation of US industry-level employment when incorporating firm-specific technology shocks. | en |
| dc.description.sponsorship | The author acknowledge financial support from the Spanish government (research project ECO2011-24304). | en |
| dc.format.extent | 41 p. | |
| dc.format.mimetype | application/pdf | en |
| dc.identifier.uri | https://academica-e.unavarra.es/handle/2454/20607 | |
| dc.language.iso | eng | en |
| dc.relation.ispartofseries | Documentos de Trabajo DE - ES Lan Gaiak | es |
| dc.relation.ispartofseries | 1309 | en |
| dc.relation.projectID | info:eu-repo/grantAgreement/MICINN//ECO2011-24304/ES/ | |
| dc.rights | CC Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) | en |
| dc.rights.accessRights | info:eu-repo/semantics/openAccess | |
| dc.rights.uri | https://creativecommons.org/licenses/by-nc-nd/4.0/ | |
| dc.subject | Employment fluctuations | en |
| dc.subject | Search frictions | en |
| dc.subject | Sticky prices | en |
| dc.subject | Firm-specific shocks | en |
| dc.title | On firm-level, industry-level, and aggregate employment fluctuations | en |
| dc.type | info:eu-repo/semantics/workingPaper | |
| dspace.entity.type | Publication | |
| relation.isAuthorOfPublication | 308e2f24-fee5-4ddb-be38-6e7a11cabf44 | |
| relation.isAuthorOfPublication.latestForDiscovery | 308e2f24-fee5-4ddb-be38-6e7a11cabf44 |