Work

The Cyclicality of Hires, Separations, and Job-to-Job Transitions

Year: 2005

Type: article

Abstract: This article measures the job-finding, separation, and job-to-job transition rates in the United States from 1948 to 2004. The job-finding and job-to-job transition rates are strongly procyclical and the separation rate is nearly acyclical, especially since 1985. The author develops a simple model in which unemployed workers search for jobs and employed workers search for better jobs.

DOI: 10.20955/r.87.493-508

Author: Robert Shimer

Institutions: National Bureau of Economic Research, Harvard University, Federal Reserve Bank of Chicago, Federal Reserve Bank of St. Louis

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: gold

Funders: National Science Foundation, Alfred P. Sloan Foundation

OpenAlex ID: W2159276264