Replication data for: Gross Worker Flows over the Business Cycle
- Krusell, Per
- Mukoyama, Toshihiko
- Rogerson, Richard
- Şahin, Ayşegül
AbstractWe build a hybrid model of the aggregate labor market that features both standard labor supply forces and frictions in order to study the cyclical properties of gross worker flows across the three labor market states: employment, unemployment, and nonparticipation. Our parsimonious model is able to capture the key features of the cyclical movements in gross worker flows. Despite the fact that the wage per efficiency unit is constant over time, intertemporal substitution plays an important role in shaping fluctuations in the participation rate.
Is supplement to
DOI: 10.1257/aer.20121662 (Text)
Krusell, Per, Toshihiko Mukoyama, Richard Rogerson, and Aysegül Sahin. “Gross Worker Flows over the Business Cycle.” American Economic Review 107, no. 11 (November 2017): 3447–76. https://doi.org/10.1257/aer.20121662.
- ID: 10.1257/aer.20121662 (DOI)
Update Metadata: 2020-07-02 | Issue Number: 3 | Registration Date: 2019-10-12