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Replication data for: Exogenous versus Endogenous Separation

Version
1
Resource Type
Dataset
Creator
  • Fujita, Shigeru
  • Ramey, Garey
Publication Date
2012-05-01
Description
  • Abstract

    This paper assesses how various approaches to modeling the separation margin affect the quantitative ability of the Mortensen-Pissarides labor matching model. The model with a constant separation rate fails to produce realistic volatility and productivity responsiveness of the separation rate and worker flows. The specification with endogenous separation succeeds along these dimensions. Allowing for on-the-job search enables the model to replicate the Beveridge curve. All specifications, however, fail to generate sufficient volatility of the job finding rate. While adopting the Hagedorn-Manovskii calibration remedies this problem, the volume of job-to-job transitions in the on-the-job search specification becomes essentially zero. (JEL E24, J41, J64)
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/mac.4.4.68 (Text)
Publications
  • Fujita, Shigeru, and Garey Ramey. “Exogenous versus Endogenous Separation.” American Economic Journal: Macroeconomics 4, no. 4 (October 2012): 68–93. https://doi.org/10.1257/mac.4.4.68.
    • ID: 10.1257/mac.4.4.68 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-13

Fujita, Shigeru; Ramey, Garey (2012): Replication data for: Exogenous versus Endogenous Separation. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E114258V1