Labor market anxiety and the downward trend in the job separation rate

Shigeru Fujita

Business Review, 2012, issue Q4, 1-7

Abstract: Anecdotal evidence suggests that labor market conditions surrounding American workers had been worsening in recent decades, even before the severe recession in 2007-2009. However, studies by academic researchers have not found clear evidence that worker turnover has increased over time. In this article, Shigeru Fujita shows that there is a long-run downward trend in the separation rate into unemployment and examines several factors that help account for this long-run decline. He argues that the aging of the labor force has played an important role in the trend. He also explains, using an economic model, how the declining separation rate can result from workers? response to the increased sense of job insecurity.

Keywords: Labor; market (search for similar items in EconPapers)
Date: 2012
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