Worker churn in the cross section and over time: New evidence from Germany

Wellschmied, Félix; Bachmann, Rüdiger; Bayer, Christian; Merkl, Christian; Seth, Stefan

Worker churn in the cross section and over time: New evidence from Germany

Author(s): Wellschmied, Félix; Bachmann, Rüdiger; Bayer, Christian; Merkl, Christian; Seth, Stefan

Publisher: Elsevier

Issued date: 2021-01-01

Citation: Bachmann, R., Bayer, C., Merkl, C., Seth, S., Stüber, H., & Wellschmied, F. (2021). Worker churn in the cross section and over time: New evidence from Germany. Journal of Monetary Economics, 117, pp. 781-797.

ISSN: 0304-3932

DOI: https://doi.org/10.1016/j.jmoneco.2020.05.003

xmlui.dri2xhtml.METS-1.0.item-contributor-funder: Ministerio de Economía y Competitividad (España)
Comunidad de Madrid

Sponsor: The research leading to these results has received funding from the European Research Council under the European Union’s Seventh Framework Programme (FTP/2007-2013) / ERC Grant agreement no. 282740. Felix Wellschmied gratefully acknowledges support from the Spanish Ministry of Economics through research grants ECO2014-56384-P, MDM 2014-0431, and Comunidad de Madrid MadEco-CM (S2015/HUM-3444). Heiko Stüber gratefully acknowledge support from the German Research Foundation (DFG) under priority program “The German Labor Market in a Globalized World” (SPP 1764). Christian Merkl gratefully acknowledge support from SPP 1764 and the Hans Frisch Stiftung.

Project: Gobierno de España. ECO2014-56384-P
Gobierno de España. MDM 2014-0431
Comunidad de Madrid. S2015/HUM-3444

Keywords: Aggregate Fluctuations , Employment Growth , Job flows , Job-to-job transitions , Labor demand , Separation shocks , Worker churn , Worker flows

JEL Classification: E20 , E24 , E32 , J23 , J63

URI: http://hdl.handle.net/10016/34487

Rights: ©2021 Elsevier
Atribución-NoComercial-SinDerivadas 3.0 España

Abstract:

Worker churn is procyclical in the German labor market. We study the plant-level connection of churn and employment growth using the new Administrative Wage and Labor Market Flow Panel from 1975 to 2014. Churn is V-shaped in employment growth. Through analyzin [+]

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