Cyclicality of Job and Worker Flows: New Data and a New Set of Stylized Facts

Ruediger Bachmann, Christian Bayer, Stefan Seth () and Felix Wellschmied
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Stefan Seth: Institute for Employment Research (IAB), Nuremberg

No 7192, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: We study the relationship between cyclical job and worker flows at the plant level using a new data set spanning from 1976-2006. We find that procyclical labor demand explains relatively little of procyclical worker flows. Instead, all plants in the employment growth distribution increase their worker turnover during booms. We also find that cyclical changes in the employment growth distribution are mostly driven by plants moving from inactivity to a growing labor force during booms. Consequently, increased labor turnover at growing plants is the main quantitative driver behind increased labor turnover during booms. We argue that on the job search models are able to capture non-parallel shifts in the employment growth distribution and procyclical conditional worker flows for a range of the growth distribution. Yet, they fail to rationalize procyclical accession rates for all shrinking and procylical separation rates for all growing plants.

Keywords: job flows; worker flows; aggregate fluctuations (search for similar items in EconPapers)
JEL-codes: E32 J23 J63 (search for similar items in EconPapers)
Pages: 46 pages
Date: 2013-01
New Economics Papers: this item is included in nep-lab and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

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Working Paper: Cyclicality of Job and Worker Flows: New Data and a New Set of Stylized Facts (2013)
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