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| dc.title | Firm-Level Shocks and Labor Flows |
| dc.contributor.author | Carlsson, Mikael |
| dc.contributor.author | Messina, Julián |
| dc.contributor.author | Skans, Oskar Nordström |
| dc.contributor.orgunit | Department of Research and Chief Economist |
| dc.coverage | Sweden |
| dc.date.available | 2021-01-08T00:00:00 |
| dc.date.issue | 2021-01-08T00:00:00 |
| dc.description.abstract | This paper analyzes how labor ows respond to permanent idiosyncratic shifts in rm-level production functions and demand curves using very detailed Swedish micro data. Shocks to rms physical productivity have only modest eects on rm-level employment decisions. In contrast, the paper documents rapid and substantial employment adjustments through hires and separations in response to rm-level demand shocks. The choice of adjustment margin depends on the sign of the shock: rms adjust through increased hires if these shocks are positive and through increased separations if the shocks are negative. |
| dc.format.extent | 71 |
| dc.identifier.doi | http://dx.doi.org/10.18235/0003002 |
| dc.identifier.url | https://publications.iadb.org/publications/english/document/Firm-Level-Shocks-and-Labor-Flows.pdf |
| dc.language.iso | en |
| dc.medium | Adobe PDF |
| dc.publisher | Inter-American Development Bank |
| dc.subject | Productivity |
| dc.subject | Manufacturing Industry |
| dc.subject | Labor Market |
| dc.subject | Demand Shock |
| dc.subject | Employee Selection |
| dc.subject.jelcode | J63 - Turnover • Vacancies • Layoffs |
| dc.subject.jelcode | D22 - Firm Behavior: Empirical Analysis |
| dc.subject.jelcode | J23 - Labor Demand |
| dc.subject.keywords | technology;Demand;Job flows;Worker flows |
| dc.type | Working Papers |
| idb.identifier.pubnumber | IDB-WP-01158 |
| idb.operation | RG-K1415 |