Economics, Econometrics and Finance
4 years ago

Demand shocks drive labor adjustments, boosting employment rates significantly in firms.

2 views
Research Insights: How Do Job and Worker Flows Respond to Firms' Idiosyncratic Technology and Demand Shocks?
Mikael Carlsson, Julián Messina, Oskar Nordström Skans

Paper Summary

Demand shocks drive changes in employment rates more than technology shocks. Positive demand shocks lead to firms hiring more workers, while negative demand shocks result in more separations. These adjustments happen quickly and mostly within a year. Technology shocks have a smaller impact on employment rates compared to demand shocks.

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