New Facts About Factor-Demand Dynamics: Employment, Jobs, and Workers / Daniel S. Hamermesh, Wolter H. J. Hassink, Jan C. van Ours.

Format:

Book

Author/Creator:

Hamermesh, Daniel S.

Contributor:

National Bureau of Economic Research.

Hassink, Wolter H. J.

Ours, J. C. van, 1954-

Series:

Working Paper Series (National Bureau of Economic Research) no. w4625.

NBER working paper series no. w4625

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

New Facts About Factor-Demand Dynamics

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1994.

Summary:

We provide a unified discussion of the relations among flows of workers, changes in employment and changes in the number of jobs at the level of the firm. Using the only available set of data (a nationally representative sample of Dutch firms in 1988 and 1990) we discover that: 1) Nearly half of all hiring is by firms where employment is not growing; 2) Over half of all firing is by firms that are not contracting; 3) Most firing is by firms that are also hiring; 4) Flows of workers within firms are small compared to flows into and out of firms; and 5) Accounting for simultaneous creation and destruction of jobs within firms adds roughly 15 percent to estimates of economywide job creation and destruction. The results imply that macroeconomic fluctuations can have substantial effects beyond those indicated by net employment changes at the firm level, and that studies of dynamic factor demand must account for variations in gross flows of workers.

Notes:

Print version record

January 1994.