Bachmann, Rüdiger Bayer, Christian Merkl, Christian Seth, Stefan Stüber, Heiko Wellschmied, Felix
Year of Publication:
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2017: Alternative Geld- und Finanzarchitekturen - Session: Labor Markets No. E06-V2
We find that worker turnover is more procyclical than job turnover. Procyclical worker churn result almost exclusively from job-to-job transitions. The size and cyclical properties of churn are close to uniform along the entire employment growth distribution of establishments. Even shrinking firms churn, i.e., they hire while separating from workers. The cyclical movements in the source of hiring, from employment vs non-employment, are close to uniform across the employment growth distribution.