Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/73297
Authors: 
Stiglbauer, Alfred M
Stahl, Florian
Winter-Ebmer, Rudolf
Zweimüller, Josef
Year of Publication: 
2002
Series/Report no.: 
Working Paper, Department of Economics, Johannes Kepler University of Linz 0205
Abstract: 
We study Austrian job reallocation in the period of 1978 to 1998, using a large administrative dataset where we correct for spurious entries and exits of firms. We find that on average 9 out of 100 randomly selected jobs were created within the last year, and that about 9 out of randomly selected 100 jobs will be destroyed within the next year. Hence, Austrian job flows seem to be of comparable magnitude as in other countries, similar to the well-known results of Davis et al. (1996) for the United States. Job reallocation appears to be driven primarily by idiosyncratic shocks. However, job creation increases significantly during cyclical upswings whereas job destruction rises in downturns. We also find substantial persistence of job creation and destruction. We show that the pronounced pattern of job reallocation rates falling with firm size and age continues to hold when we use a set of controls. Finally, we show that - controlling for sector and for firm size composition - Austrian job reallocation rates are only half the rates for the U. S. This result is not surprising given the impact of tighter regulation and labor law in Austria.
Subjects: 
Labor reallocation
job flows
labor market regulation
JEL: 
D21
J23
L11
Document Type: 
Working Paper

Files in This Item:
File
Size
97.81 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.