Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/172978
Authors: 
Bachmann, Ruediger
Bayer, Christian
Merkl, Christian
Seth, Stefan
Stüber, Heiko
Wellschmied, Felix
Year of Publication: 
2017
Series/Report no.: 
CESifo Working Paper 6702
Abstract: 
We study the relationship between employment growth and worker flows in excess of job flows (churn) at the establishment level using the new German AWFP dataset spanning from 1975–2014. Churn is above 5 percent of employment along the entire employment growth distribution and most pronounced at rapidly-adjusting establishments. We find that the patterns of churn along the employment growth distribution can be explained by separation rate shocks and time-to-hire frictions. These shocks become larger on average during boom periods leading to procyclical worker churn. Distinguishing between separations into non-employment and to other establishments, we find that separations to other establishments drive all procyclical churn. In a secondary contribution, we compare German worker and job flows with their US counterparts and recent US findings.
Subjects: 
job flows
worker flows
churn
job-to-job transitions
aggregate fluctuations
JEL: 
E20
E24
E32
J23
J63
Document Type: 
Working Paper

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