Abstract

http://ssrn.com/abstract=1007476
 
 

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Job-Finding and Separation Rates in the OECD


Bart Hobijn


Federal Reserve Bank of New York - Domestic Research Function; Leonard N. Stern School of Business - Department of Economics

Aysegul Sahin


Federal Reserve Bank of New York

August 2007

FRB of New York Staff Report No. 298

Abstract:     
In this paper, we provide a set of comparable estimates of aggregate monthly job-finding and separation rates for twenty-seven OECD (Organisation for Economic Co-operation and Development) countries; these estimates can be used for the cross-country calibration of search models of unemployment. We find that cross-country differences in job-finding rates are much greater than those in separation rates. Our results are quantitatively and qualitatively in line with those published in previous studies; however, they cover a much larger set of countries. We combine our estimates with evidence on unemployment and labor force participation rates to impute steady-state worker flows for twenty-three of the countries in our sample.

Number of Pages in PDF File: 31

Keywords: labor markets, search theory, worker flows

JEL Classification: C78, D21, E24, J6, L26

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Date posted: August 16, 2007  

Suggested Citation

Hobijn, Bart and Sahin, Aysegul, Job-Finding and Separation Rates in the OECD (August 2007). FRB of New York Staff Report No. 298. Available at SSRN: http://ssrn.com/abstract=1007476 or http://dx.doi.org/10.2139/ssrn.1007476

Contact Information

Bart Hobijn (Contact Author)
Federal Reserve Bank of New York - Domestic Research Function ( email )
33 Liberty Street
New York, NY 10045
United States
Leonard N. Stern School of Business - Department of Economics ( email )
269 Mercer Street
New York, NY 10003
United States
Aysegul Sahin
Federal Reserve Bank of New York ( email )
33 Liberty Street
New York, NY 10045
United States
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