Bachmann, Ronald (contributor) - 2005
shock leads to a burst in match break-ups, which
in turn results in previously employed workers becoming unemployed. This …
unemployed workers accept any job and employed workers move to better jobs, the cyclicality of the
job-to-job transition rate … continue search after
moving to a new job, flrms prefer hiring them to hiring the unemployed. During booms, a large fraction
of …