Revisiting the macroeconomic effects of labor reallocation

Emmanouil Gkiourkas, Theodore Panagiotidis and Gianluigi Pelloni
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Emmanouil Gkiourkas: Department of Economics, University of Macedonia, Greece

Working Paper series from Rimini Centre for Economic Analysis

Abstract: We revisit the macroeconomic effects of labor reallocation within the framework of Campbell and Kuttner (1996). We re-estimate their model, update the sample, and employ generalized and local impulse response functions. We confirm that total employment responses to reallocation shocks remain significant.

Keywords: labor reallocation; unemployment; sectoral shifts (search for similar items in EconPapers)
JEL-codes: C32 C50 E24 (search for similar items in EconPapers)
Date: 2017-06
New Economics Papers: this item is included in nep-mac
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http://www.rcea.org/RePEc/pdf/wp17-11.pdf

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Journal Article: Revisiting the macroeconomic effects of labor reallocation (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:rim:rimwps:17-11

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