TY  - JOUR
AU  - Haan,Wouter J. den
AU  - Ramey,Garey
AU  - Watson,Joel
TI  - Job Destruction and Propagation of Shocks
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 6275
PY  - 1997
Y2  - November 1997
UR  - http://www.nber.org/papers/w6275
L1  - http://www.nber.org/papers/w6275.pdf
N1  - Author contact info:
Wouter J. den Haan
Department of Economics
University of Amsterdam
Roetersstraat
1017 RS  Amsterdam
Netherlands
Tel: +31(0)205255237
E-Mail: wjdenhaan@gmail.com

Garey Ramey
Department of Economics, 0508
University of California, San Diego
La Jolla, CA   92093-0508
Tel: 619/534-5721;  gramey@weber.ucsd.edu
E-Mail: gramey@ucsd.edu

Joel Watson
UC, San Diego
Department of Economics, 0508
9500 Gillman Drive
La Jolla, CA 92093-0508
E-Mail: jwatson@ucsd.edu
AB  - 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.
ER  -