Job Destruction and Job Finding Rates by Age in Danmark

Abstract

I use register data from Statistics Denmark to compute job destruction and job finding rates by age which account for job to job transitions. These rates vary significantly over the life cycle. In addition, rates that account for job to job transitions are much higher than rates of movement in and out of employment that exclude them. The job destruction rates obtained here show a very dynamic picture of the danish labor market and are useful for macroeconomic models with a life cycle component.