FIRM-LEVEL SHOCKS AND LABOUR FLOWS
成果类型：
Article
署名作者：
Carlsson, Mikael; Messina, Julian; Skans, Oskar Nordstrom
署名单位：
Uppsala University; Sveriges Riksbank; Inter-American Development Bank; IZA Institute Labor Economics
刊物名称：
ECONOMIC JOURNAL
ISSN/ISSBN：
0013-0133
DOI：
10.1093/ej/ueaa087
发表日期：
2021
页码：
598-623
关键词：
摘要：
We analyse how labour flows respond to permanent idiosyncratic shifts in firm-level production functions and demand curves using very detailed Swedish micro data. Shocks to firms' physical productivity have only modest effects on firm-level employment decisions. In contrast, we document rapid and substantial employment adjustments through hires and separations in response to firm-level demand shocks. The choice of adjustment margin depends on the sign of the shock: firms adjust through increased hires if these shocks are positive and through increased separations if the shocks are negative.