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Author: Mukoyama, Toshihiko
Resulting in 1 citation.
1. Baydur, Ismail
Mukoyama, Toshihiko
Job Duration and Match Characteristics over the Business Cycle
Review of Economic Dynamics published online (4 February 2020): DOI: 10.1016/j.red.2020.01.003.
Also: https://www.sciencedirect.com/science/article/pii/S1094202520300053
Cohort(s): NLSY79
Publisher: Elsevier
Keyword(s): Job Tenure; Labor Turnover; Modeling, Hazard/Event History/Survival/Duration; Unemployment

This paper studies the cyclical behavior of job separation and the characteristics of matches between workers and jobs. We estimate a proportional hazard model with competing risks, distinguishing between different types of separations. A higher unemployment rate at the start of an employment relationship increases the probability of job-to-job transitions, whereas its effect on employment-to-unemployment transitions is negative. We then build a simple job-ladder model to interpret our empirical results. A model with two-dimensional heterogeneity in match (job) characteristics has the same qualitative features as the data. Once the model is calibrated to include cyclicality in the offered match characteristics, it can fit the quantitative features of the data.
Bibliography Citation
Baydur, Ismail and Toshihiko Mukoyama. "Job Duration and Match Characteristics over the Business Cycle." Review of Economic Dynamics published online (4 February 2020): DOI: 10.1016/j.red.2020.01.003.