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Job Destruction and Propagation of Shocks / Wouter J. den Haan, Garey Ramey, Joel Watson.
- Format:
- Book
- Author/Creator:
- den Haan, Wouter J.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w6275.
- NBER working paper series no. w6275
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1997.
- Summary:
- We develop and quantitatively implement a dynamic general equilibrium model with labor" market matching and endogenous job destruction. The model produces a close match with data on" job creation and destruction. Cyclical fluctuations in the job destruction rate serve to magnify the" effects of productivity shock on output, as well as making the effects much more persistent. " Interactions between household savings decisions and separation decisions in employment" relationships play a key role in propagating shocks.
- Notes:
- Print version record
- November 1997.
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