Firm-Level Shocks and Labor Flows

Mikael Carlsson, Julian Messina and Oskar Skans

No 10986, IDB Publications (Working Papers) from Inter-American Development Bank

Abstract: This paper analyzes how labor ows respond to permanent idiosyncratic shifts in rm-level production functions and demand curves using very detailed Swedish micro data. Shocks to rms physical productivity have only modest eects on rm-level employment decisions. In contrast, the paper documents rapid and substantial employment adjustments through hires and separations in response to rm-level demand shocks. The choice of adjustment margin depends on the sign of the shock: rms adjust through increased hires if these shocks are positive and through increased separations if the shocks are negative.

Keywords: technology; Demand; Job flows; Worker flows (search for similar items in EconPapers)
JEL-codes: D22 J23 J63 (search for similar items in EconPapers)
Date: 2021-01
New Economics Papers: this item is included in nep-ure
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:idb:brikps:10986

DOI: 10.18235/0003002

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