Gross Labour Market Flows in Europe: Some Stylized Facts

Michael Burda and Charles Wyplosz

No 439, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: The purpose of this paper is to establish some stylized facts on gross labor market flows - using mostly new data from France, Germany, the United Kingdom and the United States - which any theory of unemployment ought to explain. The regularities on gross labor market flows that we isolate are inconsistent with a large class of theories of labor markets and business cycles. Key results are: flows into and out of unemployment are countercyclical; these flows move tightly together, over both the cycle and the long run; the bulk of exits from unemployment actually represent job findings rather than exits from the labor force; employment inflows and outflows are procyclical.

Keywords: Business Cycle; Labour Force; Unemployment (search for similar items in EconPapers)
JEL-codes: E32 J64 (search for similar items in EconPapers)
Date: 1990-08
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Citations: View citations in EconPapers (3)

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Working Paper: GROSS LABOR MARKET FLOWS IN EUROPE: SOME STYLIZED FACTS (1990)
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