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A model of job and worker flows
Nobuhiro Kiyotaki, Ricardo Lagos
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Business & Economics
Job Flows
95%
Job Reallocation
25%
Worker Turnover
25%
Workers
24%
Random Matching
23%
Unemployment Duration
22%
Permanent Income
21%
Efficient Allocation
18%
Hiring
15%
Persistence
15%
Resources
10%