.png){kind=icon}
返回
Aggregate Recruiting Intensity
.png){kind=icon}
OA
AI
DOI：10.1257/aer.20161420.png)
.png){kind=icon}
.png){kind=icon}
分享.png){kind=icon}
收藏
摘要
En 中文
We develop an. equilibrium model of firm dynamics with random search in the labor market where hiring firms exert recruiting effort by spending resources to fill vacancies faster. Consistent with microevidence, fast-growing firms invest more in recruiting activities and achieve higher job-filling rates. These hiring decisions of firms aggregate into an index of economy-wide recruiting intensity. We study how aggregate shocks transmit to recruiting intensity, and whether this channel can account for the dynamics of aggregate matching efficiency during the Great Recession. Productivity and financial shocks lead to sizable procyclical fluctuations in matching efficiency through recruiting effort. Quantitatively, the main mechanism is that firms attain their employment targets by adjusting their recruiting effort in response to movements in labor market slackness.
Keyword:
GREAT RECESSION
LABOR-MARKETS
UNEMPLOYMENT
PRODUCTIVITY
DYNAMICS
INDUSTRY
SEARCH
GROWTH
PLANTS
FIRMS
AI总结
对已上传原文的论文进行重点信息的提取，主要内容包括：简要概述、研究摘要、背景介绍、关键亮点、图文解析、展望与总结。
期刊
IF:
11.6
论文数:
5.0K
被引数:
7.5W
机构
引用论文
Recruiting Intensity during and after the Great Recession: National and Industry Evidence.png)
AMERICAN ECONOMIC REVIEWOAAI
AMERICAN ECONOMIC REVIEWIF11.6
OAAI分享收藏分享收藏
分享收藏分享收藏
查看更多内容