Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/227208 
Year of Publication: 
2020
Series/Report no.: 
IZA Discussion Papers No. 13681
Publisher: 
Institute of Labor Economics (IZA), Bonn
Abstract: 
We present new evidence on how employment growth varies across firm types (size, productivity, and wage) and over the business cycle using Danish data covering almost 30 years. We decompose net employment growth into two recruitment margins: net hirings from/to employment (poaching) and net hirings from nonemployment. High-productivity firms are the most growing firms due to poaching. High wage firms poach almost as many workers, but shed an almost equal amount to non-employment. Large firms do not poach workers from smaller firms. In terms of employment cyclicality, we find that low-productive and low-wage firms shed proportionally more jobs in recessions. We relate our findings to recent models of employment fluctuations that jointly analyze worker and firm dynamics.
Subjects: 
worker flows
firm heterogeneity
matched employer-employee data
business cycle
equilibrium search models
JEL: 
E24
E32
J63
Document Type: 
Working Paper

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