Baley, IsaacLjungqvist, LarsSargent, Thomas J.Universitat Pompeu Fabra. Departament d'Economia i Empresa2024-11-142024-11-142021-07-06http://hdl.handle.net/10230/68624Returns to labor mobility have too often escaped the attention they deserve as conduits of important forces in macro-labor models. These returns are shaped by calibrations of productivity processes that use theoretical perspectives and data sources from (i) labor economics and (ii) industrial organization. By studying how equilibrium unemployment responds to (a) layoff costs, and (b) likelihoods of skill losses following quits, we tighten calibrations of macro-labor models.application/pdfengL'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative CommonsReturns to labor mobility. Layoff costs and quit turbulence<resourceType xmlns="http://datacite.org/schema/kernel-3" resourceTypeGeneral="Other">info:eu-repo/semantics/workingPaper</resourceType><subject xmlns="http://datacite.org/schema/kernel-3" subjectScheme="keyword">labor mobility</subject><subject xmlns="http://datacite.org/schema/kernel-3" subjectScheme="keyword">quits</subject><subject xmlns="http://datacite.org/schema/kernel-3" subjectScheme="keyword">turnover</subject><subject xmlns="http://datacite.org/schema/kernel-3" subjectScheme="keyword">layoff cost</subject><subject xmlns="http://datacite.org/schema/kernel-3" subjectScheme="keyword">turbulence</subject><subject xmlns="http://datacite.org/schema/kernel-3" subjectScheme="keyword">unemployment</subject><subject xmlns="http://datacite.org/schema/kernel-3" subjectScheme="keyword">human capital</subject><subject xmlns="http://datacite.org/schema/kernel-3" subjectScheme="keyword">matching model</subject><subject xmlns="http://datacite.org/schema/kernel-3" subjectScheme="keyword">search model</subject><subject xmlns="http://datacite.org/schema/kernel-3" subjectScheme="keyword">search-island model.</subject><subject xmlns="http://datacite.org/schema/kernel-3" subjectScheme="keyword">Macroeconomics and International Economics</subject><rights xmlns="http://datacite.org/schema/kernel-3">info:eu-repo/semantics/openAccess</rights>