The Cyclicality of the Separation and Job Finding Rates in France

Jean-Olivier Hairault, Thomas Le Barbanchon and Thepthida Sopraseuth

No 6906, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: In this paper, we aim to shed light on the relative contribution of the separation and job finding rates to French unemployment at business cycle frequencies by using administrative data on registered unemployment and labor force surveys. We first investigate the fluctuations in steady state unemployment, and then in current unemployment in order to take into account the unemployment deviations from equilibrium. Our results show the dominant role of the job finding rate in accounting for French unemployment fluctuations. The contribution of the job finding rate amounts to about two-thirds of the unemployment dynamics. With the two data sets, we find that both rates contributed to unemployment fluctuations during the nineties, while the job finding rate has been more significant in the last decade. In particular, the last business cycle episodes, including the last recession, exacerbate the role of the job finding rate.

Keywords: job finding; job separation; unemployment variability; worker flows (search for similar items in EconPapers)
JEL-codes: E24 J6 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2012-10
New Economics Papers: this item is included in nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

Published - published in: European Economic Review, 2015, 76, 60-84

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Related works:
Journal Article: The cyclicality of the separation and job finding rates in France (2015)
Working Paper: The cyclicality of the separation and job finding rates in France (2013)
Working Paper: The Cyclicality of the Separation and Job Finding Rates in France (2012)
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