Discussion paper

DP439 Gross Labour Market Flows in Europe: Some Stylized Facts

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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Citation

Wyplosz, C and M Burda (1990), ‘DP439 Gross Labour Market Flows in Europe: Some Stylized Facts‘, CEPR Discussion Paper No. 439. CEPR Press, Paris & London. https://cepr.org/publications/dp439