Public sector employment and aggregate fluctuations

dc.contributor.authorBettoni, Luís Gustavo
dc.contributor.authorMARCELO RODRIGUES DOS SANTOS
dc.coverage.paisNão Informadopt_BR
dc.creatorBettoni, Luís Gustavo
dc.date.accessioned2022-11-01T19:16:01Z
dc.date.available2022-11-01T19:16:01Z
dc.date.issued2020
dc.description.otherAn important stylized fact about public sector employment is that it predominantly hires skilled and more experienced workers. In this paper, we consider a search and matching model with public sector and on-the-job human capital accumulation that incorporates this stylized fact to study how the public sector employment affects the labor market volatility. In the model, public sector employment affects aggregate fluctuations by changing the composition of workers employed in the private sector. Because workers accumulate human capital and become more productive when employed, the flow of benefits from forming a match are spread over time. In this environment, if the flow into the public sector increases with human capital, then the government hiring policy decreases the firm’s benefit of hiring and the matching surplus, increasing the responsiveness of labor market tightness to shocks. We calibrate the model for the Brazilian economy and show that this mechanism amplifies the effects of public employment on vacancy creation and private sector employment volatility.pt_BR
dc.format.extent16 p.pt_BR
dc.format.mediumDigitalpt_BR
dc.identifier.doihttps://doi.org/10.1016/j.jmacro.2022.103418pt_BR
dc.identifier.issn0164-0704pt_BR
dc.identifier.urihttps://repositorio.insper.edu.br/handle/11224/4609
dc.identifier.volume72pt_BR
dc.language.isoInglêspt_BR
dc.publisherElsevierpt_BR
dc.relation.ispartofJournal of Macroeconomicspt_BR
dc.relation.urihttps://www.sciencedirect.com/science/article/pii/S0164070422000209?via%3Dihubpt_BR
dc.rights.licenseO INSPER E ESTE REPOSITÓRIO NÃO DETÊM OS DIREITOS DE USO E REPRODUÇÃO DOS CONTEÚDOS AQUI REGISTRADOS. É RESPONSABILIDADE DO USUÁRIO VERIFICAR OS USOS PERMITIDOS NA FONTE ORIGINAL, RESPEITANDO-SE OS DIREITOS DE AUTOR OU EDITOR.pt_BR
dc.subject.keywordsPublic sector employmentpt_BR
dc.subject.keywordsAggregate fluctuationspt_BR
dc.titlePublic sector employment and aggregate fluctuationspt_BR
dc.typejournal article
dspace.entity.typePublication
local.subject.cnpqCiências Sociais Aplicadaspt_BR
local.typeArtigo Científicopt_BR
relation.isAuthorOfPublicationf5092fc6-447e-42ae-b50c-f7a691a5c9a5
relation.isAuthorOfPublication.latestForDiscoveryf5092fc6-447e-42ae-b50c-f7a691a5c9a5
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