Work

Is Job Turnover Countercyclical?

Year: 1996

Type: article

Abstract: In recent years several models have been developed in an attempt to explain countercyclical movements of job turnover, the sum of gross job creation and destruction rates. However, only in the United States is a negative and statistically significant correlation between job turnover and employment growth actually observed. In the other countries studied, job turnover is either acyclical or mildly procyclical. Rather than being associated with the greater flexibility of the United States compared with the Western European labor markets, these asymmetries in the cyclical behavior of gross job flows can be attributed to statistical artifacts, namely, with the fact that U.S. job turnover statistics underrepresent the small business sector and with regression to the mean effects.

Source: Journal of Labor Economics

DOI: 10.1086/209824

Author: Tito Boeri

Institutions: Organisation de Coopération et de Développement Economiques, European University Institute

Language: English

Topic: Labor market dynamics and wage inequality

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: green

OpenAlex ID: W1991898227

FWCI: 14.52

Cites: 19

Cited by: 110

Related to: 10