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Replication data for: Do Job Destruction Shocks Matter in the Theory of Unemployment?

Version
V0
Resource Type
Dataset
Creator
  • Coles, Melvyn G.
  • Moghaddasi Kelishomi, Ali
Publication Date
2017-12-30
Description
  • Abstract

    Because the data show that market tightness is not orthogonal to unemployment, this paper identifies the many empirical difficulties caused by adopting the free entry of vacancies assumption in the Diamond-Mortensen-Pissarides (DMP) framework. Relaxing the free entry assumption and using Simulated Method of Moments (SMM) finds the vacancy creation process is less than infinitely elastic. Because a recession-leading job separation shock then causes vacancies to fall as unemployment increases, the ad hoc restriction to zero job separation shocks (to generate Beveridge curve dynamics) becomes redundant. In contrast to standard arguments, the calibrated model finds the job separation process drives unemployment volatility over the cycle.
Availability
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Relations
  • Is supplemented by
    DOI: 10.1257/mac.20150040 (Text)
Publications
  • Coles, Melvyn G., and Ali Moghaddasi Kelishomi. “Do Job Destruction Shocks Matter in the Theory of Unemployment.” American Economic Journal: Macroeconomics 10, no. 3 (July 2018): 118–36. https://doi.org/10.1257/mac.20150040.
    • ID: 10.1257/mac.20150040 (DOI)

Update Metadata: 2019-10-13 | Issue Number: 1 | Registration Date: 2019-10-13

Coles, Melvyn G.; Moghaddasi Kelishomi, Ali (2017): Replication data for: Do Job Destruction Shocks Matter in the Theory of Unemployment?. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E114111