Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/92273
Authors: 
Hyatt, Henry R.
Spletzer, James R.
Year of Publication: 
2013
Citation: 
[Journal:] IZA Journal of Labor Economics [ISSN:] 2193-8997 [Publisher:] Springer [Place:] Heidelberg [Volume:] 2 [Year:] 2013 [Pages:] 1-21
Abstract: 
We document and attempt to explain the recent decline in employment dynamics in the U.S. We have four major empirical findings. First, each measure exhibits a 'stair step' pattern, with the declines concentrated in recessions and little increase during subsequent expansions. Second, changes in the composition of workers and businesses can explain only a small amount of the decline. Third, any explanation for the decline in job creation and job destruction will account for no more than one-third of the decline in hires and separations. Fourth, the decline in hires and separations is driven by the disappearance of short-duration jobs.
Subjects: 
Hires
Separations
Job creation
Job destruction
Job-to-job flows
JEL: 
E24
J63
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by/2.0/
Document Type: 
Article
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