Job-Finding and Separation Rates in the OECD
Federal Reserve Bank of New York
FRB of New York Staff Report No. 298
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
Date posted: August 16, 2007