EconPapers    
Economics at your fingertips  
 

On firm-level, industry-level, and aggregate employment fluctuations

Miguel Casares

Documentos de Trabajo - Lan Gaiak Departamento de Economía - Universidad Pública de Navarra from Departamento de Economía - Universidad Pública de Navarra

Abstract: Employment fluctuations are examined, at different levels of aggregation, in a dynamic model that provides firm-specific hiring decisions due to search frictions and sticky pricing. The results indicate that firm-level employment dispersion rises with higher price stickiness and higher demand elasticity, whereas it falls with more convexity of search costs and with a higher labor supply elasticity. Industry-level employment is more volatile and less procyclical than aggregate employment, and a larger industry size reduces volatility and raises co-movement with output. The calibrated model is able to match the volatility, autocorrelation and cyclical correlation of US industry-level employment when incorporating firm-specific technology shocks.

Keywords: employment fluctuations; search frictions; sticky prices; firm-specific shocks (search for similar items in EconPapers)
JEL-codes: E3 J2 J3 J4 (search for similar items in EconPapers)
Date: 2013
New Economics Papers: this item is included in nep-lab and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in

Downloads: (external link)
http://www2.unavarra.es/gesadj/depEconomia/repec/DocumentosTrab/DT1309.PDF (application/pdf)

Related works:
Journal Article: On firm-level, industry-level, and aggregate employment fluctuations (2013) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nav:ecupna:1309

Ordering information: This working paper can be ordered from
Papers are not sent in a centralized mode. You can download them with ftp, or contact the authors.

Access Statistics for this paper

More papers in Documentos de Trabajo - Lan Gaiak Departamento de Economía - Universidad Pública de Navarra from Departamento de Economía - Universidad Pública de Navarra Campus de Arrosadía - 31006 Pamplona (Spain).
Bibliographic data for series maintained by Javier Puértolas ().

 
Page updated 2025-03-19
Handle: RePEc:nav:ecupna:1309