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Cyclical labor market sorting
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DOI：10.1016/j.jeconom.2021.12.015.png)
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Abstract
En 中文
We consider sorting in the labor market, that is, whether high-or low-productivity workers and firms tend to match with each other, and how this varies over time using U.S. linked employer-employee data. Composition changes of workers and firms move in opposite directions over the business cycle. During and after recessions, low-rank workers are less likely to work, while the employment share of low-rank firms increases. The agreement between worker and firm ranks increases in the early stages of labor market downturns.Published by Elsevier B.V.
Keywords:
Sorting
On-the-job search
Unemployment
Composition shifts
Job ladder
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