Citation

Discussion Paper Details

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Title: Gross Labour Market Flows in Europe: Some Stylized Facts

Author(s): Michael C Burda and Charles Wyplosz

Publication Date: August 1990

Keyword(s): Business Cycle, Labour Force and Unemployment

Programme Area(s): International Macroeconomics

Abstract: The purpose of this paper is to establish some stylized facts on gross labor market flows - using mostly new data from France, Germany, the United Kingdom and the United States - which any theory of unemployment ought to explain. The regularities on gross labor market flows that we isolate are inconsistent with a large class of theories of labor markets and business cycles. Key results are: flows into and out of unemployment are countercyclical; these flows move tightly together, over both the cycle and the long run; the bulk of exits from unemployment actually represent job findings rather than exits from the labor force; employment inflows and outflows are procyclical.

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Bibliographic Reference

Burda, M and Wyplosz, C. 1990. 'Gross Labour Market Flows in Europe: Some Stylized Facts'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=439