NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Job Destruction and Propagation of Shocks

Wouter J. den Haan, Garey Ramey, Joel Watson

NBER Working Paper No. 6275
Issued in November 1997
NBER Program(s):   EFG

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.

download in pdf format
   (1932 K)

email paper

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w6275

Published: Wouter J. den Haan & Garey Ramey & Joel Watson, 2000. "Job Destruction and Propagation of Shocks," American Economic Review, American Economic Association, vol. 90(3), pages 482-498, June. citation courtesy of

Users who downloaded this paper also downloaded* these:
Gertler and Trigari w12498 Unemployment Fluctuations With Staggered Nash Wage Bargaining
Davis, Faberman, Haltiwanger, Jarmin, and Miranda w14300 Business Volatility, Job Destruction, and Unemployment
den Haan, Ramey, and Watson w7218 Job Destruction and the Experiences of Displaced Workers
den Haan, Haefke, and Ramey w8463 Shocks and Institutions in a Job Matching Model
Blanchard and GalĂ­ w13897 Labor Markets and Monetary Policy: A New-Keynesian Model with Unemployment
 
Publications
Activities
Meetings
NBER Videos
Themes
Data
People
About

National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us