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Macroeconomics: Consumption, Saving, Production, Employment, and Investment x Particular Labour Markets x clear all

Persistence of Employment Fluctuations: A Model of Recurring Job Loss

Michael J. Pries.

in The Review of Economic Studies

January 2004; p ublished online January 2004 .

Journal Article. Subjects: Particular Labour Markets; Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Mobility, Unemployment, and Vacancies. 12955 words.

Standard models of employment fluctuations cannot reconcile the unemployment rate's remarkable persistence with the high job-finding rates found in worker flows data. A matching model...

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