The recent decline in employment dynamics

By Henry R. Hyatt, James R. Spletzer. Social Science Research Network, 2013

173 citations recorded by the source corpus.

We document and attempt to explain the recent decline in employment dynamics in the U.S. We have four major empirical findings. First, each measure exhibits a “stair step” pattern, with the declines concentrated in recessions and little increase during subsequent expansions. Second, changes in the composition of workers and businesses can explain only a small amount of the decline. Third, any explanation for the decline in job creation and job destruction will account for no more than one-third of the decline in hires and separations. Fourth, the decline in hires and separations is driven by the disappearance of short-duration jobs.JEL CodesE24, J63

Subfields: Economics and Econometrics, General Health Professions

View Paper: https://www.semanticscholar.org/paper/0f99eb3bd0ccd7dc04960e605bafb27304937156

How researchers see this paper

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

In Economics and Econometrics

1. R. Trezzi
2. Christopher L. Smith
3. A. Wozniak
4. H. Bakhshi
5. Raven S. Molloy
6. Alan Manning
7. Joan Monras

In General Health Professions

1. R. Trezzi
2. Christopher L. Smith
3. A. Wozniak
4. H. Bakhshi
5. Raven S. Molloy

Citations in the corpus

• Understanding Declining Fluidity in the U.S. Labor Market (2016, methodology): “Using data from the PSID and CPS in the late 1970s and early 1980s, Beaudry and DiNardo (1991) find the strongest support for the implicit contract model with perfect worker mobility.”
• Cyclical Job Ladders by Firm Size and Firm Wage (2018, unknown): “in the quarter in the category.(31) Beginning with the top panel of Figure 4, notice first that at large firms the poaching hire rate (solid line) is much larger than the non-employment hire rate (dash-dotted line).”
• The future of skills: employment in 2030 (2017, background): “A satisfactory explanation for these developments lies outside the scope of this report, but at least part of it can be explained by a decline in labour market fluidity associated with the aging of the population; an increase in the share of the workforce with a college or university degree insofar ”