5 décembre 2017 Antoine BERTEAU
with R. Vejlin, M. Hejlesen and H. Bunzel
Employment and Skill reallocation over the Business cycle : evidence from Danish data
This paper presents evidence about employment reallocation across firms in Denmark from 1985 to 2012.
We compare net growth rates for firms at the top and at the bottom of the size, wage, and productivity distributions from direct worker mobility and mobility involving a period of non-employment.
Several regularities stand out. First high-wage, high-productivity and (young) small firms grow via job-to-job mobility at all times.
Second, high-wage, low-productivity and (young) small firms sharply contract during the Great Recession mainly due to a decline in hiring.
We proceed by documenting which workers are reallocated over the cycle. We find that less-educated are more likely to be reallocated directly to high-paying firms than more educated workers in booms.
In recessions, less-educated are more likely to be laid off from all types of firms relative to more educated workers.
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