经济周期中的失业与内生再配置
Unemployment and Endogenous Reallocation over the Business Cycle
AI总结：
本文研究职业流动性周期性对总失业率及持续期分布的影响，构建多部门经济周期模型，发现工人改变职业前景驱动的职业流动与总体条件相互作用，共同推动失业率波动。
摘要：
本文研究了职业流动性的周期性在多大程度上塑造了总失业率及其持续期分布的周期性。我们记录了工人的职业流动性与失业持续期在长期和经济周期中的关系。为了解释这一证据，我们构建了一个包含异质性主体的多部门经济周期模型。该模型在定量上与美国劳动力市场的几个重要特征相一致：顺周期的总职业流动性与逆周期的净职业流动性、失业的巨大波动性以及失业持续期分布的周期性特征等。我们的分析表明，由工人改变职业前景所驱动的职业流动性（而非全行业范围的差异），与总体经济条件相互作用，共同推动了失业持续期分布和总失业率的波动。
英文摘要：
This paper studies the extent to which the cyclicality of occupational mobility shapes that of aggregate unemployment and its duration distribution. We document the relation between workers' occupational mobility and unemployment duration over the long run and business cycle. To interpret this evidence, we develop a multi-sector business cycle model with heterogenous agents. The model is quantitatively consistent with several important features of the US labor market: procyclical gross and countercyclical net occupational mobility, the large volatility of unemployment and the cyclical properties of the unemployment duration distribution, among many others. Our analysis shows that occupational mobility due to workers; changing career prospects, and not occupation-wide differences, interacts with aggregate conditions to drive the fluctuations of the unemployment duration distribution and the aggregate unemployment rate.
机构、总结、中文摘要均由AI分析而来，可能存在错误，请以论文正文为准。
