Job-Finding and Separation Rates in the OECD - FEDERAL RESERVE BANK of NEW YORK

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Staff Reports

Job-Finding and Separation Rates in the OECD

August 2007 Number 298

JEL classification: C78, D21, E24, J6, L26

Authors: Bart Hobijn and Ayşegül Şahin

In this paper, we provide a set of comparable estimates of aggregate monthly job-finding and separation rates for twenty-seven OECD (Organisation for Economic Co-operation and Development) countries; these estimates can be used for the cross-country calibration of search models of unemployment. We find that cross-country differences in job-finding rates are much greater than those in separation rates. Our results are quantitatively and qualitatively in line with those published in previous studies; however, they cover a much larger set of countries. We combine our estimates with evidence on unemployment and labor force participation rates to impute steady-state worker flows for twenty-three of the countries in our sample.

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31 pages / 1.71 mb

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