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A structural model of US aggregate job flows

Fabrice Collard (), Patrick Fève, Francois Langot () and Corinne Perraudin
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Corinne Perraudin: SAMOS (Université de Paris I), Paris, France, Postal: SAMOS (Université de Paris I), Paris, France

Journal of Applied Econometrics, 2002, vol. 17, issue 3, pages 197-223

Abstract: This paper contributes to the analysis of jobs flows dynamics through the explicit modelling of job creations and job destructions. We propose a simple matching model extended for endogenous separation and tractable heterogeneity. The parameters of the model are estimated using a simulation-based estimation method. We then test the ability of trade externalities, generated by the matching process, to (i) propagate reallocation and aggregate disturbances in the whole labor market and (ii) generate the observed distribution of aggregate job flows. The results clearly indicate that the model is able to match the dynamics of US aggregate job flows. Copyright © 2002 John Wiley & Sons, Ltd.

Date: 2002
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Working Paper: A structural model for US aggregate job flows (1999)
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