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Revisiting the Macroeconomic Effects of Labor Reallocation

Emmanouil Gkiourkas, Theodore Panagiotidis, Gianluigi Pelloni ()
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Emmanouil Gkiourkas, Theodore Panagiotidis, Gianluigi Pelloni: Wilfrid Laurier University

Authors registered in the RePEc Author Service: Theodore Panagiotidis () and Gianluigi Pelloni ()

LCERPA Working Papers from Laurier Centre for Economic Research and Policy Analysis

Abstract: We revisit the macroeconomic effects of labor reallocation within the framework of Campbell and Kuttner (1996). We re-estimate their model, update the sample, and employ generalized and local impulse response functions. We confirm that total employment responses to reallocation shocks remain significant.

Keywords: labor reallocation; unemployment; sectoral shifts (search for similar items in EconPapers)
JEL-codes: C32 C50 E24 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-mac
Date: 2017-06-01, Revised 2017-06-01
Note: LCERPA Working Paper No. 2017-5
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Journal Article: Revisiting the macroeconomic effects of labor reallocation (2017) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:wlu:lcerpa:0102

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