Labor Market Flaws and Stocks over the Business Cycle: The Role of the Participation Margin

被引：3

作者：

Galuscak, Kamil ^{[1
]}

Solc, Jan ^{[1
,2
]}

Strzelecki, Pawel ^{[2
,3
]}

机构：

[1] Czech Natl Bank, Advisor Board, Prikope 28, Prague 11503 1, Czech Republic

[2] Czech Natl Bank, Monetary Dept, Prague, Czech Republic

[3] Natl Bank Poland, Dept Stat, Warsaw, Poland

来源：

EASTERN EUROPEAN ECONOMICS | 2021年 / 59卷 / 05期

关键词：

Labor market flows; employment; unemployment; participation; vector autoregression; FLOWS; UNEMPLOYMENT; EFFICIENCY; DYNAMICS; WORKER; SEARCH; JOB;

D O I：

10.1080/00128775.2021.1958688

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We investigate the cyclical properties of labor market flows in the Czech Republic and Poland using impulse responses from a VAR model with three net flows and an output gap. We apply the stock-flow framework to derive impulse responses of employment, unemployment and participation rates, and their decomposition into the contributions of net flows. We find that the role of flows from and into inactivity in explaining the cyclical properties of unemployment and employment rates is small, but is not negligible. The participation rate is driven by the countercyclical net flow from inactivity to unemployment.

引用

页码：449 / 471

页数：23

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