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Keywords:job-finding rate OR Job-finding rate 

Report
Labor Market Dynamics and Development

We build a dataset of harmonized rotating panel labor force surveys covering 42 countries across a wide range of development and document three new empirical findings on labor market dynamics. First, labor market flows (job-finding rates, employment-exit rates, and job-to-job transition rates) are two to three times higher in the poorest as compared with the richest countries. Second, employment hazards in poorer countries decline more sharply with tenure; much of their high turnover can be attributed to high separation rates among workers with low tenure. Third, wage-tenure profiles are much ...
Staff Report , Paper 596

Discussion Paper
Why Is the Job-Finding Rate Still Low?

Fluctuations in unemployment are mostly driven by fluctuations in the job-finding prospects of unemployed workers?except at the onset of recessions, according to various research papers (see, for example, Shimer [2005, 2012] and Elsby, Hobijn, and Sahin [2010]). With job losses back to their pre-recession levels, the job-finding rate is arguably one of the most important indicators to watch. This rate?defined as the fraction of unemployed workers in a given month who find jobs in the consecutive month?provides a good measure of how easy it is to find jobs in the economy. The chart below ...
Liberty Street Economics , Paper 20140219

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Donovan, Kevin 1 items

Lu, Will Jianyu 1 items

Patterson, Christina 1 items

Sahin, Aysegul 1 items

Schoellman, Todd 1 items

Topa, Giorgio 1 items

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Job-finding rate 2 items

Job flows 1 items

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labor market 1 items

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