Job Destruction and Propagation of Shocks

Wouter J. den Haan, Garey Ramey and Joel Watson ()
Authors registered in the RePEc Author Service: Wouter Denhaan ()

No 6275, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: We develop and quantitatively implement a dynamic general equilibrium model with labor" market matching and endogenous job destruction. The model produces a close match with data on" job creation and destruction. Cyclical fluctuations in the job destruction rate serve to magnify the" effects of productivity shock on output, as well as making the effects much more persistent. " Interactions between household savings decisions and separation decisions in employment" relationships play a key role in propagating shocks.

JEL-codes: E24 E32 (search for similar items in EconPapers)
Date: 1997-11
Note: EFG
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Related works:
Working Paper: Job Destruction and Propagation of Shocks (1997)
Journal Article: Job Destruction and Propagation of Shocks (2000)
Software Item: FORTRAN code for Job Destruction and Propagation of Shocks
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