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Federal Reserve Bank of New York
Staff Reports
Job-finding and separation rates in the OECD
Bart Hobijn
Aysegül Sahin
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.


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Bart Hobijn & Aysegül Sahin, Job-finding and separation rates in the OECD, Federal Reserve Bank of New York, Staff Reports 298, 2007.
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Subject headings:
Keywords: Employment ; Unemployment ; Labor mobility ; Developed countries
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