On the Cyclical Behavior of Employment, Unemployment and Labor Force Participation

By Marcelo Veracierto. 2008

139 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/645a1bbd353d212cc179c46d081a76081b0cfd06

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

Citations in the corpus

Occupational Mobility and Wage Inequality (2004, result): “Thus, some inexperienced workers may be induced to work in a highly productive occupation, despite receiving relatively low wages, in expectation of gaining experience and receiving higher (21)The results in this paper are not directly comparable to those in Hornstein, Krusell, and Violante (2006). ”
The Cyclicality of Job Loss and Hiring (2006, background): “Veracierto (2004) demonstrates that cyclical variations in the participation margin have significant implications for employment dynamics.”
Anticipated Growth and Business Cycles in Matching Models (2009, unknown): “Veracierto (2004) reaches the same conclusion.”
Labor Force Participation and Monetary Policy in the Wake of the Great Recession (2013, background): “23For example, both Veracierto (2008) and Shimer (2011) find that the unemployment rate varies procylically if prices and wages are fully flexible.”
On the importance of the participation margin for labor market fluctuations (2013, background): “22See, for example, Tripier (2004); Veracierto (2008); Christiano et al. (2010); Galí et al. (2011); Ebell (2011); Haefke and Reiter (2011); Shimer (2013); and Campolmi and Gnocchi (2014).”
Gross Worker Flows over the Business Cycle (2017, background): “In our model, flows between participation and nonparticipation account for almost one third of fluctuations in the unemployment rate, consistent with the empirical findings in Elsby, Hobijn, and Şahin (2015). Changes in the composition of individuals in the unemployment pool play a key role in expla”
Evaluating the Performance of the Search and Matching Model (2006, unknown): “Veracierto (2002) has shown that the model fails to simultaneously account for the observed behavior of employment, unemployment and out of the labor force worker pools.”
The Unemployment Volatility Puzzle: Is Wage Stickiness the Answer? (2009, unknown): “For other variables, especially for the rate of employment out of the population of working age, ignoring inactivity may not be so reasonable (Veracierto, 2004, Fujita and Ramey, 2006).”