Ramey, Garey; Fujita, Shigeru - Department of Economics, University of California-San … - 2006
We study the cyclical behavior of job loss and hiring using CPS worker flow data, adjusted for margin error and time … employment adjustment whereby total job loss and hiring rise sharply during economic downturns, initiated by increases in job … patterns are especially strong among prime-age workers. For young workers, job loss and hiring adjust procyclically due to …