Role of worker flows in the relationship between job offers and employment

Toyoki Matsue

MPRA Paper from University Library of Munich, Germany

Abstract: This study investigates the mechanism determining changes in job offers and analyzes the role of worker flows in the relationship between job offers and employment. It applies a queueing system to dynamic general equilibrium models and analyzes economic fluctuations. The queueing system helps in considering the relationship between job offers and employment and changes in job offers in response to shocks. The numerical simulations indicate that worker flows influence changes in job offers in response to a productivity shock. Although employment fluctuations remain constant, changes in job offers amplify when fewer workers join and/or more workers leave the firm, whereas they decrease when more workers join and/or fewer workers leave. The shock responses of other variables in each model are in line with the reactions of the standard dynamic general equilibrium models. These findings provide important insights into labor market dynamics.

Keywords: Queueing system; Job offer; Employment fluctuation; Economic fluctuation; Efficiency wage (search for similar items in EconPapers)
JEL-codes: E24 E32 J20 J33 (search for similar items in EconPapers)
Date: 2022-11-09
New Economics Papers: this item is included in nep-dge and nep-lma
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https://mpra.ub.uni-muenchen.de/115316/1/MPRA_paper_115316.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/115319/1/MPRA_paper_115319.pdf revised version (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:115316

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