Worker flows and job flows: a quantitative investigation

Worker flows and job flows behave differently over the business cycle. The authors investigate the sources of the differences by studying quantitative properties of a multiple-worker version of the search/matching model that features endogenous job separation and intra-firm wage bargaining. Their calibration incorporates micro- and macro-level evidence on worker and job flows. The authors show that the dynamic stochastic equilibrium of the model replicates important cyclical features of worker flows and job flow simultaneously. In particular, the model correctly predicts that hires from unemployment move countercyclically while the job creation rate moves procyclically. The key to this result is to allow for a large hiring flow that does not go through unemployment but is part of job creation, for which procyclicality of the job finding rate dominates its cyclicality. The authors also show that the model generates large volatilities of unemployment and vacancies when a worker's outside option is at 83 percent of aggregate labor productivity.Employment ; Business cycles

Orbital evolution of Saturn's satellites due to the interaction between the moons and massive Saturn's rings

Saturn's mid-sized moons (satellites) have a puzzling orbital configuration with trapping in mean-motion resonances with every other pairs (Mimas-Tethys 4:2 and Enceladus-Dione 2:1). To reproduce their current orbital configuration on the basis of Crida & Charnoz's model of satellite formation from a hypothetical ancient massive rings, adjacent pairs must pass 1st-order mean-motion resonances without being trapped. The trapping could be avoided by fast orbital migration and/or excitation of the satellite's eccentricity caused by gravitational interactions between the satellites and the rings (the disk), which are still unknown. In our research, we investigate the satellite orbital evolution due to interactions with the disk through full N-body simulations. We performed global high-resolution N-body simulations of a self-gravitating particle disk interacting with a single satellite. We used $N \sim 10^5$ particles for the disk. Gravitational forces of all the particles and their inelastic collisions are taken into account. As a result, dense short-wavelength wake structure is created by the disk self-gravity and global spiral arms with $m \sim$ a few is induced by the satellite. The self-gravity wakes regulate the orbital evolution of the satellite, which has been considered as a disk spreading mechanism but not as a driver for the orbital evolution. The self-gravity wake torque to the satellite is so effective that the satellite migration is much faster than that was predicted with the spiral arms torque. It provides a possible model to avoid the resonance capture of adjacent satellite pairs and establish the current orbital configuration of Saturn's mid-sized satellites.Comment: (6 pages, 4 figures, Accepted in A&A