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Job Duration And Match Characteristics Over The Business Cycle, Ismail Baydur, Toshihiko Mukoyama
Job Duration And Match Characteristics Over The Business Cycle, Ismail Baydur, Toshihiko Mukoyama
Research Collection School Of Economics
This paper studies the cyclical behavior of job separation and the characteristics of matches between workers and jobs. We estimate a proportional hazard model with competing risks, distinguishing between different types of separations. A higher unemployment rate at the start of an employment relationship increases the probability of job-to-job transitions, whereas its effect on employment-to-unemployment transitions is negative. We then build a simple job ladder model to interpret our empirical results. A model with two-dimensional heterogeneity in match (job) characteristics has the same qualitative features as the data. Once the model is extended to include cyclicality in the offered match …
When Losing Your Job Feels Like Losing Your Self, Aliya Hamid Rao
When Losing Your Job Feels Like Losing Your Self, Aliya Hamid Rao
Research Collection School of Social Sciences
I interviewed Todd, a marketing professional, in 2014 for my forthcoming book, Crunch Time: How Married Couples Confront Unemployment, which focuses on the unemployment experiences of highly educated, married professionals with children in the U.S. Like dozens of other professionals I interviewed, Todd’s employment is key to his sense of self, determining how he measures his social status and self-worth. Yet, this self-worth is constantly threatened, because professionals like Todd have become recent casualties of a pervasive labor market uncertainty that existed long before the coronavirus pandemic.