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Gross Worker Flows over the Life Cycle

Cajner, Tomaz, Güner, Ilhan, Mukoyama, Toshihiko (2023) Gross Worker Flows over the Life Cycle. Journal of Money, Credit and Banking, . ISSN 0022-2879. E-ISSN 1538-4616. (In press) (Access to this publication is currently restricted. You may be able to access a copy if URLs are provided) (KAR id:104043)

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Abstract

We analyze the gross worker flows over the life cycle by constructing a quantitative general equilibrium model. Using US data, we first document the life-cycle patterns of flows across different labor market states (employment, unemployment, and not in the labor force), as well as job-to-job transitions. We then build a model of the aggregate labor market that incorporates the life cycle of workers, consumption-saving decisions, and labor market frictions. We estimate the model and use it to examine the effects of policies on aggregate labor market outcomes. In particular, we analyze a taxes-and- transfers policy and an unemployment insurance policy.

Item Type: Article
Uncontrolled keywords: worker flows; life cycle; taxes and transfers; unemployment insurance
Subjects: H Social Sciences > HB Economic Theory
Divisions: Divisions > Division of Human and Social Sciences > School of Economics
Depositing User: Ilhan Guner
Date Deposited: 23 Nov 2023 09:13 UTC
Last Modified: 13 Jan 2024 22:44 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/104043 (The current URI for this page, for reference purposes)

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