Time Variation in the Dynamics of Worker Flows: Evidence from the US and Canada

Gary Koop, Deborah Gefang, Michele Campolieti

Research output: Working paperDiscussion paper

Abstract

VAR methods have been used to model the inter-relationships between inflows and outflows into unemployment and vacancies using tools such as impulse response analysis. In order to investigate whether such impulse responses change over the course of the business cycle or or over time, this paper uses TVP-VARs for US and Canadian data. For the US, we find interesting differences between the most recent recession and earlier recessions and expansions. In particular, we find the immediate effect of a negative shock on both inflow and outflow hazards to be larger in 2008 than in earlier times. Furthermore, the effect of this shock takes longer to decay. For Canada, we find less evidence of time-variation in impulse responses.
LanguageEnglish
Place of PublicationGlasgow
PublisherUniversity of Strathclyde
Pages1-37
Number of pages38
Volume11
Publication statusPublished - 24 Sep 2011

Fingerprint

Canada
Impulse response
Recession
Worker flows
Time variation
Hazard
Vacancy
Unemployment
Interrelationship
Decay
Impulse response analysis
Business cycles

Keywords

  • unemployment hazards
  • labor market dynamics
  • time-varying parameter VAR
  • sign-restricted impulse responses

Cite this

Koop, G., Gefang, D., & Campolieti, M. (2011). Time Variation in the Dynamics of Worker Flows: Evidence from the US and Canada. (38 ed.) (pp. 1-37). Glasgow: University of Strathclyde.
Koop, Gary ; Gefang, Deborah ; Campolieti, Michele. / Time Variation in the Dynamics of Worker Flows : Evidence from the US and Canada. 38. ed. Glasgow : University of Strathclyde, 2011. pp. 1-37
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Koop, G, Gefang, D & Campolieti, M 2011 'Time Variation in the Dynamics of Worker Flows: Evidence from the US and Canada' 38 edn, University of Strathclyde, Glasgow, pp. 1-37.

Time Variation in the Dynamics of Worker Flows : Evidence from the US and Canada. / Koop, Gary; Gefang, Deborah; Campolieti, Michele.

38. ed. Glasgow : University of Strathclyde, 2011. p. 1-37.

Research output: Working paperDiscussion paper

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Koop G, Gefang D, Campolieti M. Time Variation in the Dynamics of Worker Flows: Evidence from the US and Canada. 38 ed. Glasgow: University of Strathclyde. 2011 Sep 24, p. 1-37.