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The Reallocation of Labour and the Lifecycle of Firms

Author

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  • Burgess, Simon
  • Lane, Julia
  • Stevens, David

Abstract

This paper uses a unique panel dataset of firms and workers to investigate the relationship between the firm’s lifecycle and the reallocation of labour. We distinguish labour reallocation associated with job reallocation, and reallocation of workers over a fixed configuration of jobs. We find that firms at the beginning and end of their lifecycles contribute disproportionately to labour market flows, with sorting between firms particularly important among young firms, whereas sorting within firms is more important among mature firms. We also find that high churning flows are associated with a lower probability of a young firm surviving.

Suggested Citation

  • Burgess, Simon & Lane, Julia & Stevens, David, 1997. "The Reallocation of Labour and the Lifecycle of Firms," CEPR Discussion Papers 1713, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:1713
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    Citations

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    Cited by:

    1. Frosch, Katharina & Göbel, Christian & Zwick, Thomas, 2011. "Separating wheat and chaff: age-specific staffing strategies and innovative performance at the firm level," Zeitschrift für ArbeitsmarktForschung - Journal for Labour Market Research, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany], vol. 44(4), pages 321-338.
    2. Huber, Peter & Oberhofer, Harald & Pfaffermayr, Michael, 2017. "Who creates jobs? Econometric modeling and evidence for Austrian firm level data," European Economic Review, Elsevier, vol. 91(C), pages 57-71.
    3. Pekka Ilmakunnas & Mika Maliranta, 2005. "Worker inflow, outflow, and churning," Applied Economics, Taylor & Francis Journals, vol. 37(10), pages 1115-1133.
    4. Eugénio Pinto, 2009. "Firms' relative sensitivity to aggregate shocks and the dynamics of gross job flows," Finance and Economics Discussion Series 2009-02, Board of Governors of the Federal Reserve System (U.S.).
    5. Ricardo Mamede, 2009. "Toward an integrated approach to industry dynamics and labor mobility," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 18(1), pages 139-163, February.
    6. Kevin McKinney & Lars Vilhuber, 2006. "Using linked employer-employee data to investigate the speed of adjustments in downsizing firms," Longitudinal Employer-Household Dynamics Technical Papers 2006-03, Center for Economic Studies, U.S. Census Bureau.
    7. Wolter Hassink & Lourens Broersma, 2003. "Quits, layoffs, and job destruction," Applied Economics, Taylor & Francis Journals, vol. 35(18), pages 1911-1914.

    More about this item

    Keywords

    Death of Firms; Job Reallocation; Lifecycle of Firms; Worker Reallocation;
    All these keywords.

    JEL classification:

    • J60 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - General
    • J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs
    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior

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