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dc.titleResearch Insights: How Do Job and Worker Flows Respond to Firms' Idiosyncratic Technology and Demand Shocks?
dc.contributor.authorCarlsson, Mikael
dc.contributor.authorMessina, Julián
dc.contributor.authorSkans, Oskar Nordström
dc.contributor.orgunitDepartment of Research and Chief Economist
dc.coverageSweden
dc.date.available2021-02-10T00:00:00
dc.date.issue2021-02-10T00:00:00
dc.description.abstractPermanent demand shocks are the main driver of labor adjustments. A one standard deviation demand shock increases the net employment rate by 6 percentage points in the long run, while a technology shock increases it by 0.5. Transitory demand shocks have much smaller impacts. When hit by a permanent demand shock, firms adjust fast and symmetrically. Most of the labor change occurs within a year. If the shock is positive, firms adjust by increasing hires. If the shock is negative, they increase separations without reducing hires.
dc.format.extent4
dc.identifier.doihttp://dx.doi.org/10.18235/0003038
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Research-Insights-How-Do-Job-and-Worker-Flows-Respond-to-Firms-Idiosyncratic-Technology-and-Demand-Shocks.pdf
dc.identifier.urlhttps://publications.iadb.org/publications/spanish/document/Perspectivas-de-investigacion-Como-responden-los-flujos-de-trabajo-y-los-trabajadores-a-los-shocks-tecnologicos-y-de-demanda-idiosincraticos-de-las-empresas.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectLabor Demand
dc.subjectEmployment Rate
dc.subjectLabor Market
dc.subjectJob Creation
dc.subjectDemand Shock
dc.subject.jelcodeJ63 - Turnover • Vacancies • Layoffs
dc.subject.jelcodeD22 - Firm Behavior: Empirical Analysis
dc.subject.jelcodeJ23 - Labor Demand
dc.typeCatalogs and Brochures
idb.identifier.pubnumberIDB-CB-00491
idb.operationBK-C1102
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