| 000 | 02446cam a22003377 4500 | ||
|---|---|---|---|
| 001 | w13421 | ||
| 003 | NBER | ||
| 005 | 20211020111946.0 | ||
| 006 | m o d | ||
| 007 | cr cnu|||||||| | ||
| 008 | 210910s2007 mau fo 000 0 eng d | ||
| 100 | 1 |
_aShimer, Robert. _920676 |
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| 245 | 1 | 0 |
_aReassessing the Ins and Outs of Unemployment / _cRobert Shimer. |
| 260 |
_aCambridge, Mass. _bNational Bureau of Economic Research _c2007. |
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| 300 |
_a1 online resource: _billustrations (black and white); |
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| 490 | 1 |
_aNBER working paper series _vno. w13421 |
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| 500 | _aSeptember 2007. | ||
| 520 | 3 | _aThis paper uses readily accessible data to measure the probability that an employed worker becomes unemployed and the probability that an unemployed worker finds a job, the ins and outs of unemployment. Since 1948, the job finding probability has accounted for three-quarters of the fluctuations in the unemployment rate in the United States and the employment exit probability for one-quarter. Fluctuations in the employment exit probability are quantitatively irrelevant during the last two decades. Using the underlying microeconomic data, the paper shows that these results are not due to compositional changes in the pool of searching workers, nor are they due to movements of workers in and out of the labor force. These results contradict the conventional wisdom that has guided the development of macroeconomic models of the labor market during the last fifteen years. | |
| 530 | _aHardcopy version available to institutional subscribers | ||
| 538 | _aSystem requirements: Adobe [Acrobat] Reader required for PDF files. | ||
| 538 | _aMode of access: World Wide Web. | ||
| 588 | 0 | _aPrint version record | |
| 690 | 7 |
_aJ6 - Mobility, Unemployment, Vacancies, and Immigrant Workers _2Journal of Economic Literature class. |
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| 690 | 7 |
_aE24 - Employment • Unemployment • Wages • Intergenerational Income Distribution • Aggregate Human Capital • Aggregate Labor Productivity _2Journal of Economic Literature class. |
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| 690 | 7 |
_aE32 - Business Fluctuations • Cycles _2Journal of Economic Literature class. |
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| 710 | 2 | _aNational Bureau of Economic Research. | |
| 830 | 0 |
_aWorking Paper Series (National Bureau of Economic Research) _vno. w13421. |
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| 856 | 4 | 0 | _uhttps://www.nber.org/papers/w13421 |
| 856 |
_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w13421 |
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_2ddc _cW-PAPER |
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_c334706 _d293268 |
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