Persistence of Employment Fluctuations: A Model of Recurring Job Loss

131 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Employment Fluctuations with Equilibrium Wage Stickiness (2005, background): “Michael Pries (2004) considers a complementary explanation of the persistence of unemployment—the workers who find new jobs after an adverse shock leave those jobs relatively soon and experience multiple spells of unemployment before finding stable jobs.”
The Cyclical Behavior of Equilibrium Unemployment and Vacancies Revisited (2008, background): “(10) As in Shimer (2005), we implicitly assume that the value functions depend only on p and not on u.”
Searching for Job Security and the Consequences of Job Loss (2021, background): “The nature of the inefficiency is simple: Workers 1See e.g. Hall (1995), Pries (2004), and Stevens (1997). do not take into account the gains from future employment relationships that accrue to future employers.”
Reassessing the Ins and Outs of Unemployment (2007, background): “(Hall, 1995, p. 221)21 Following this logic, Pries (2004) develops a model in which workers go through numerous short-term jobs before returning to a long-term employment relationship.”
The Brevity and Violence of Contractions and Expansions (2008, unknown): “Finally, aside from adjustments costs in employment, there is also the time it takes to match workers to …rms in the labor market (Mortensen and Pissarides, 1994) or to learn about the quality of employer-employee matches (Pries, 2004).”