Séminaire BSE – programme 1

Jonathan Créchet

(Université d’Ottawa)

Life-cycle Worker Flows and Cross-country Differences in Aggregate Employment

Cross-country employment differences are concentrated among women, youth, and older individuals. In this paper, we estimate employment, unemployment and labor-force participation flows by age and gender and study their contributions to aggregate employment differences across a large panel of European countries. Employment outflows are the main source of employment variation for prime-age men, whereas the inflows are quantitatively more important for women and young individuals. In addition, labor-force participation flows account for a substantial share of employment variation across all demographic groups. We develop and calibrate a life-cycle DMP model consistent with these facts. According to our model, endogenous labor-force participation and search intensity act as amplification mechanisms, allowing small differences in match productivity and job destruction rates to explain much of the cross-country differences in aggregate employment.

>> pour assister au séminaire via Zoom, contacter julie.vissaguet@u-bordeaux.fr

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