Job-finding and separation rates in the OECD

Bart Hobijn and Aysegul Sahin ()

No 298, Staff Reports from Federal Reserve Bank of New York

Abstract: In this paper, we provide a set of comparable estimates of aggregate monthly job-finding and separation rates for twenty-seven OECD (Organisation for Economic Co-operation and Development) countries; these estimates can be used for the cross-country calibration of search models of unemployment. We find that cross-country differences in job-finding rates are much greater than those in separation rates. Our results are quantitatively and qualitatively in line with those published in previous studies; however, they cover a much larger set of countries. We combine our estimates with evidence on unemployment and labor force participation rates to impute steady-state worker flows for twenty-three of the countries in our sample.

Keywords: Employment; Unemployment; Labor mobility; Developed countries (search for similar items in EconPapers)
Date: 2007
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