Replication data for: Unemployment Cycles

Jan Eeckhout & Ilse Lindenlaub
The labor market by itself can create cyclical outcomes, even in the absence of exogenous shocks. We propose a theory in which the search behavior of the employed has profound aggregate implications for the unemployed. There is a strategic complementarity between active on-the-job search and vacancy posting by firms, which leads to multiple equilibria: in the presence of sorting, active on-the-job search improves the quality of the pool of searchers. This encourages vacancy posting, which...
This data repository is not currently reporting usage information. For information on how your repository can submit usage information, please see our documentation.