Did the Job Ladder Fail After the Great Recession?
Giuseppe Moscarini
(1)
,
Fabien Postel-Vinay
(2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
1
Yale University [New Haven]
2 ECON - Département d'économie (Sciences Po)
3 CREST - Centre de Recherche en Économie et Statistique
4 LEA - Laboratoire d'Economie Appliquée
5 Department of Economics
6 PSE - Paris-Jourdan Sciences Economiques
7 CEPR - Center for Economic Policy Research
8 University of Bristol [Bristol]
9 IZA - Institute for the Study of Labor
10 DELTA - Département et Laboratoire d'Economie Théorique et Appliquée
11 INRA
2 ECON - Département d'économie (Sciences Po)
3 CREST - Centre de Recherche en Économie et Statistique
4 LEA - Laboratoire d'Economie Appliquée
5 Department of Economics
6 PSE - Paris-Jourdan Sciences Economiques
7 CEPR - Center for Economic Policy Research
8 University of Bristol [Bristol]
9 IZA - Institute for the Study of Labor
10 DELTA - Département et Laboratoire d'Economie Théorique et Appliquée
11 INRA
Fabien Postel-Vinay
- Fonction : Auteur
- PersonId : 1321862
Résumé
We study employment reallocation across heterogeneous employers through the lens of a dynamic job-ladder model, where more productive employers spend more hiring effort and are more likely to succeed in hiring because they offer more. As a consequence, an employer's size is a relevant proxy for productivity. We exploit newly available U.S. data from JOLTS on employment flows by size of the establishment. Our parsimonious job ladder model fits the facts quite well, and implies `true' vacancy postings by size that are more in line with gross flows and intuition than JOLTS' actual measures of job openings, previously criticized by other authors. Focusing on the U.S. experience in and around the Great Recession, our main finding is that the job ladder stopped working in the GR and has not yet fully resumed.
Domaines
Economies et financesFormat du dépôt | Fichier |
---|---|
Type de dépôt | Article dans une revue |
Titre |
en
Did the Job Ladder Fail After the Great Recession?
|
Résumé |
en
We study employment reallocation across heterogeneous employers through the lens of a dynamic job-ladder model, where more productive employers spend more hiring effort and are more likely to succeed in hiring because they offer more. As a consequence, an employer's size is a relevant proxy for productivity. We exploit newly available U.S. data from JOLTS on employment flows by size of the establishment. Our parsimonious job ladder model fits the facts quite well, and implies `true' vacancy postings by size that are more in line with gross flows and intuition than JOLTS' actual measures of job openings, previously criticized by other authors. Focusing on the U.S. experience in and around the Great Recession, our main finding is that the job ladder stopped working in the GR and has not yet fully resumed.
|
Auteur(s) |
Giuseppe Moscarini
1
, Fabien Postel-Vinay
2, 3, 4, 5, 6, 7, 8, 9, 10, 11
1
Yale University [New Haven]
( 46674 )
- 157 Church Street, New Haven, CT 06510-2100
- États-Unis
2
ECON -
Département d'économie (Sciences Po)
( 226874 )
- 28 rue des Saints-Pères - 75007 Paris
- France
3
CREST -
Centre de Recherche en Économie et Statistique
( 2579 )
- 5, Avenue Henry Le Chatelier
91120 Palaiseau
- France
4
LEA -
Laboratoire d'Economie Appliquée
( 37750 )
- France
5
Department of Economics
( 120984 )
- University College London - Gower Street - London - WC1E 6BT
- Royaume-Uni
6
PSE -
Paris-Jourdan Sciences Economiques
( 139754 )
- 48 boulevard Jourdan 75014 Paris
- France
7
CEPR -
Center for Economic Policy Research
( 143559 )
- Royaume-Uni
8
University of Bristol [Bristol]
( 220393 )
- Senate House, Tyndall Avenue, Bristol BS8 1TH
- Royaume-Uni
9
IZA -
Institute for the Study of Labor
( 103374 )
- Bonn
- Allemagne
10
DELTA -
Département et Laboratoire d'Economie Théorique et Appliquée
( 25318 )
- 48 boulevard Jourdan - 75014 Paris
- France
11
INRA
( 54079 )
- France
|
Date de publication |
2016-01
|
Volume |
34
|
Numéro |
1
|
Page/Identifiant |
S55-S93
|
Public visé |
Scientifique
|
Langue du document |
Anglais
|
Date de production/écriture |
2014-07-01
|
Nom de la revue |
|
Vulgarisation |
Non
|
Comité de lecture |
Oui
|
Audience |
Non spécifiée
|
Domaine(s) |
|
Référence interne |
|
Mots-clés |
en
Employment reallocation, Job-ladder model., Employment flows
|
DOI | 10.1086/682366 |
Spire (Sciences Po) | 2441/6smk3sindo94e9l730pea1ea5e |
UT key WOS | 000366749200003 |
Origine :
Fichiers produits par l'(les) auteur(s)
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