Hiring, Churn and the Business Cycle

By Edward P. Lazear, James R. Spletzer. 2012

149 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/38fe49ba8482601b40c0226e7b102bce67830f8e

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In Economics and Econometrics

Citations in the corpus

Mismatch Unemployment and the Geography of Job Search (2018, background): “…percentage shortfall in hires obtained with the actual allocation of job seekers relative to the hires-maximizing allocation 8See Jackman et al. (1989); Lazear and Spletzer (2012) for a dissimilarity index, which provides a measure of the proportion of the unemployed who are in the wrong market.”
The recent decline in employment dynamics (2013, methodology): “The JOLTS data used by Lazear and Spletzer (2012) tell a broadly similar story: little (9.6 percent) of the decline in worker flows is accounted for by a decline in job creation and job destruction, whereas most of the decline (90.4 percent) is accounted for by a decline in churn. Because the relati”
The Resource-Based View of the Firm, Human Resources, and Human Capital: Progress and Prospects (2021, background): “Only with adequate mobility can the labor market carry out its major function of matching, which works to “allow workers to move to their most productive use” (Lazear & Spletzer, 2012: 575).”
Cyclical Job Ladders by Firm Size and Firm Wage (2018, unknown): “Since we find at best weak evidence of a firm size ladder, we restrict our attention to the wage ladder.(37) Table 4 shows the time averages of job-to-job moves by origin and destination and the time averages of the associated earnings changes.”
The Dynamics of Employment Growth: New Evidence from 18 Countries (2014, background): “14 OECD SCIENCE, TECHNOLOGY AND INDUSTRY POLICY PAPERS Lazear and Spletzer (2012) go beyond firms and look at workers, emphasising that increased mobility of employees across jobs increases labour productivity.4 The authors show, alarmingly, that the Great Recession has yielded a strong decline in…”
Where has all the skewness gone? The decline in high-growth (young) firms in the U.S. (2015, result): “They find that excess worker reallocation (worker reallocation over and above job reallocation, sometimes called churn) has also exhibited a trend decline.11 Similar findings on the secular decline in churn have been documented and analyzed by Lazear and Spletzer (2012) using the JOLTS data.”