Unemployment and Endogenous Reallocation over the Business Cycle
Ludo Visschers and
Carlos Carrillo-Tudela
No 1101, 2011 Meeting Papers from Society for Economic Dynamics
Abstract:
This paper presents a tractable stochastic general equilibrium model in which to study different types of unemployment over the business cycle. In our model workers face search frictions on their local labor markets and reallocation frictions across labor markets. The interaction of these two types of frictions is shown to have important implications for the analysis of resource allocation over the business cycle. We focus attention on (i) the impact on the aggregate unemployment rate, and its decomposition into search, rest, reallocation and job separation components; (ii) the expected duration of unemployment; and (iii) how the interaction between search and reallocation frictions affects the cyclicality of job separations and worker reallocations over the business cycle. We use this framework to quantitatively assess the relative contributions of the different sources of unemployment in explaining the unemployment rate and its cyclical properties.
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)
Downloads: (external link)
https://red-files-public.s3.amazonaws.com/meetpapers/2011/paper_1101.pdf (application/pdf)
Related works:
Journal Article: Unemployment and Endogenous Reallocation Over the Business Cycle (2023) 
Working Paper: Unemployment and Endogenous Reallocation over the Business Cycle (2023) 
Working Paper: Unemployment and Endogenous Reallocation over the Business Cycle (2021) 
Working Paper: Unemployment and Endogenous Reallocation over the Business Cycle (2020) 
Working Paper: Unemployment and Endogenous Reallocation over the Business Cycle (2020) 
Working Paper: Unemployment and Endogenous Reallocation over the Business Cycle (2020) 
Working Paper: Unemployment and endogenous reallocation over the business cycle (2014) 
Working Paper: Unemployment and Endogenous Reallocation over the Business Cycle (2014) 
Working Paper: Unemployment and Endogenous Reallocation over the Business Cycle (2014) 
Working Paper: Unemployment and Endogenous Reallocation over the Business Cycle (2013) 
Working Paper: Unemployment and endogenous reallocation over the business cycle (2013) 
Working Paper: Unemployment and endogenous reallocation over the business cycle (2013) 
Working Paper: Unemployment and Endogenous Reallocation over the Business Cycle (2013) 
Working Paper: Unemployment and Endogenous Reallocation over the Business Cycle (2012) 
Working Paper: Unemployment and Endogenous Reallocation over the Business Cycle (2012) 
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:red:sed011:1101
Access Statistics for this paper
More papers in 2011 Meeting Papers from Society for Economic Dynamics Society for Economic Dynamics Marina Azzimonti Department of Economics Stonybrook University 10 Nicolls Road Stonybrook NY 11790 USA. Contact information at EDIRC.
Bibliographic data for series maintained by Christian Zimmermann ().