000			01202nam a22001577a 4500
999			_c514435 _d514435
008			201102b ||||| |||| 00| 0 eng d
100			_aMercan, Yusuf. And Schoefer, Benjamin. _920760
245			_aJobs and matches: Quits, replacement hiring, and vacancy chains
260			_aThe American Economic Review: Insights
300			_a2(1), Mar, 2020: p.101-124
520			_aIn the canonical DMP model of job openings, all job openings stem from new job creation. Jobs denote worker-firm matches, which are destroyed following worker quits. Yet, employers classify 56 percent of vacancies as quit-driven replacement hiring into old jobs, which evidently outlived their previous matches. Accordingly, aggregate and firm-level hiring tightly track quits. We augment the DMP model with longer-lived jobs arising from sunk job creation costs and replacement hiring. Quits trigger vacancies, which beget vacancies through replacement hiring. This vacancy chain can raise total job
650			_aEconomics of Minorities, Races, Indigenous Peoples, Immigrants; Non-labor Discrimination _920761
773			_aThe American Economic Review: Insights
906			_aIMMIGRANTS - UNITED STATES
942			_cAR