Firm-Level Shocks and Labour Flows
Bibliographic Data
| ID | 9949872 |
|---|---|
| Authors | Mikael Carlsson (0000-0002-9535-4404, Uppsala University, UCLS & Sveriges Riksbank, Sweden, corresponding author), Julián Messina (0000-0001-7829-1272, Inter-American Development Bank, USA & IZA, Germany), Oskar Nordström Skans (0000-0001-9306-6989, Uppsala University, IFAU, UCLS, Sweden & IZA, Germany) |
| Year | 2020 |
| Volume | 131 |
| Issue | 634 |
| Pages | 598-623 |
| Publication date | 2020-07-20 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1093/ej/ueaa087 |
| OpenAlex | W3044164390 |
| Language | EN |
| Citations received | 3 |
| References cited | 36 |
We analyse how labour flows respond to permanent idiosyncratic shifts in firm-level production functions and demand curves using very detailed Swedish micro data. Shocks to firms’ physical productivity have only modest effects on firm-level employment decisions. In contrast, we document rapid and substantial employment adjustments through hires and separations in response to firm-level demand shocks. The choice of adjustment margin depends on the sign of the shock: firms adjust through increased hires if these shocks are positive and through increased separations if the shocks are negative
Demand shock · Econometrics · Economics · Labour economics · Macroeconomics · Margin (machine learning · Monetary economics · Production (economics · Productivity · Shock (circulatory · Sign (mathematics · Firm Innovation and Growth · Global trade and economics · Labor market dynamics and wage inequality
Job Creation and Job Destruction in the Theory of Unemployment
What Determines Productivity?
Are Technology Improvements Contractionary?
Gross Job Creation, Gross Job Destruction, and Employment Reallocation
Reallocation, Firm Turnover, and Efficiency
Firing Costs and Labour Demand
Wage Bargaining with On-the-Job Search
Technology, Employment, and the Business Cycle
Some Tests of Specification for Panel Data
The Dynamics of Productivity in the Telecommunications Equipment Industry
Factor Adjustments after Deregulation
Firms and Aggregate Dynamics
The Entry and Exit of Workers and the Growth of Employment
The effects of structural reforms on productivity and profitability enhancing reallocation
Job Turnover and Policy Evaluation
The Slow Growth of New Plants
Wage Adjustment and Productivity Shocks
Competition, Takeovers, and Gender Discrimination
| Citations per year | 3 |
|---|---|
| Citation span | 2026 - 2026 (1) |
| Highly cited | No |