Did the job ladder fail after the Great Recession?

Giuseppe Moscarini and Fabien Postel-Vinay

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: We study employment reallocation across heterogeneous employers through the lens of a dynamic job-ladder model, where more productive employers spend more hiring e�ort and are more likely to succeed in hiring because they offer more. As a consequence, an employer's size is a relevant proxy for productivity. We exploit newly available U.S. data from JOLTS on employment flows by size of the establishment. Our parsimonious job ladder model fits the facts quite well, and implies `true' vacancy postings by size that are more in line with gross grows and intuition than JOLTS' actual measures of job openings, previously criticized by other authors. Focusing on the U.S. experience in and around the Great Recession, our main finding is that the job ladder stopped working in the GR and has not yet fully resumed.

JEL-codes: J01 R14 (search for similar items in EconPapers)
Pages: 42 pages
Date: 2013-08
References: Add references at CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://eprints.lse.ac.uk/58315/ Open access version. (application/pdf)

Related works:
Journal Article: Did the Job Ladder Fail after the Great Recession? (2016)
Working Paper: Did the Job Ladder Fail After the Great Recession? (2016)
Working Paper: Did the Job Ladder Fail After the Great Recession? (2016)
Chapter: Did the Job Ladder Fail after the Great Recession? (2013)
Working Paper: Did the Job Ladder Fail After the Great Recession? (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:58315

Access Statistics for this paper

More papers in LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library LSE Library Portugal Street London, WC2A 2HD, U.K.. Contact information at EDIRC.
Bibliographic data for series maintained by LSERO Manager ().