31 Pages Posted: 16 Aug 2007
Date Written: August 2007
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.
Keywords: labor markets, search theory, worker flows
JEL Classification: C78, D21, E24, J6, L26
Suggested Citation: 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: https://ssrn.com/abstract=1007476 or http://dx.doi.org/10.2139/ssrn.1007476