Returns to Labour Mobility
Datos Bibliográficos
| ID | 9715869 |
|---|---|
| Autores | Isaac Baley (0000-0003-2741-4767, Universitat Pompeu Fabra, Centre de Recerca en Economia Internacional, Barcelona School of Economics, Spain & Centre for Economic Policy Research), Lars Ljungqvist (0000-0001-6831-6878, Stockholm School of Economics, Sweden, New York University, USA & Centre for Economic Policy Research), Thomas J Sargent (0000-0002-5457-0944, New York University & Hoover Institution) |
| Año | 2024 |
| Volumen | 135 |
| Número | 666 |
| Páginas | 430-454 |
| Fecha de publicación | 2024-12-24 |
| Peer Reviewed | Sí |
| Open Access | Sí |
| Tipo | ARTICLE |
| Revista | The Economic Journal (JOURNAL) |
| Identificadores de la revista | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Editorial | Oxford University Press (PUBLISHER • GB) |
| DOI | 10.1093/ej/ueae054 |
| OpenAlex | W4399906696 |
| Idioma | EN |
| Referencias citadas | 12 |
Returns to labour mobility have too often escaped the attention they deserve as conduits of important forces in macro-labour models. These returns are shaped by calibrations of productivity processes that use theoretical perspectives and data sources from (i) labour economics and (ii) industrial organisation. By investigating earlier prominent studies, we conclude that the focus on firm size dynamics and shocks intermediated through neo-classical production functions in (ii) yields large returns to labour mobility that are robust to parameter perturbations. In contrast, the reliance on statistics in labour economics to calibrate per-worker productivity processes in (i) can give rise to fragilities in the sense that parameter perturbations that generate similar targeted statistics can have very different implications for returns to labour mobility
Economics · Labour economics · Labor market dynamics and wage inequality · Labor Movements and Unions
| Velocidad de citación | historical |
|---|---|
| Altamente citado | No |