The sullying effect of recessions

被引:113
作者
Barlevy, G [1 ]
机构
[1] Northwestern Univ, Evanston, IL 60208 USA
关键词
D O I
10.1111/1467-937X.00198
中图分类号
F [经济];
学科分类号
02 ;
摘要
Previous work has established that recessions involve a "cleansing" effect, so that in downturns, only high productivity jobs remain. But empirical evidence suggests job quality is procyclical: jobs created in recessions are likely to be low-paying and temporary. This paper modifies previous models by adding on-the-job search, which leads to an additional "sullying" effect. Calibration of the model suggests this offsetting sullying effect is likely to be much larger than the cleansing effect, and can account for the procyclical match quality we observe in the data.
引用
收藏
页码:65 / 96
页数:32
相关论文
共 36 条
[1]   Changes in unemployment and wage inequality: An alternative theory and some evidence [J].
Acemoglu, D .
AMERICAN ECONOMIC REVIEW, 1999, 89 (05) :1259-1278
[2]   Virtues of bad times - Interaction between productivity growth and economic fluctuations [J].
Aghion, P ;
Saint-Paul, G .
MACROECONOMIC DYNAMICS, 1998, 2 (03) :322-344
[3]  
[Anonymous], BROOKINGS PAPERS EC
[4]  
BAILEY M, 1998, UNPUB LABOR PRODUCTI
[5]  
BARLEVY G, 2000, UNPUB THERE CLEANSIN
[6]  
BARLEVY G, 2000, UNPUB WAGE INEQUALIT
[7]  
BARLEVY G, 2000, UNPUB CREDIT MARKET
[8]   REAL WAGES OVER THE BUSINESS-CYCLE - EVIDENCE FROM PANEL DATA [J].
BILS, MJ .
JOURNAL OF POLITICAL ECONOMY, 1985, 93 (04) :666-689
[9]   THE NASH BARGAINING SOLUTION IN ECONOMIC MODELING [J].
BINMORE, K ;
RUBINSTEIN, A ;
WOLINSKY, A .
RAND JOURNAL OF ECONOMICS, 1986, 17 (02) :176-188
[10]  
BOWLUS AJ, 1993, CONTRIB TO ECON ANAL, V222, P21