Replication data for: Mismatch
Principal Investigator(s): View help for Principal Investigator(s) Robert Shimer
Version: View help for Version V1
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Project Citation:
Shimer, Robert. Replication data for: Mismatch. Nashville, TN: American Economic Association [publisher], 2007. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-12-07. https://doi.org/10.3886/E116282V1
Project Description
Summary:
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This paper develops a dynamic model of mismatch. Workers and jobs are randomly
allocated to labor markets. Each market clears, but some have excess (unemployed)
workers and some have excess (vacant) jobs. As workers and jobs switch markets,
unemployed workers find vacancies and employed workers become unemployed.
The model is quantitatively consistent with the business cycle frequency comovement
of unemployment, vacancies, and the job finding rate and explains much of
these variables' volatility. It can also address cyclicality in the separation rate into
unemployment and duration dependence in the job finding rate. The results are
robust to some nonrandom mobility. (JEL E24, J41, J63, J64)
Scope of Project
JEL Classification:
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E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
J41 Labor Contracts
J63 Labor Turnover; Vacancies; Layoffs
J64 Unemployment: Models, Duration, Incidence, and Job Search
E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
J41 Labor Contracts
J63 Labor Turnover; Vacancies; Layoffs
J64 Unemployment: Models, Duration, Incidence, and Job Search
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