Reicher, Christopher Phillip - 2011
particularly tightly related to each other. Quits and hires interact to form a hiring chain-hires beget quits through on …-the-job search, and quits beget hires to replace quitters. High unemployment crowds out quits, shortens the hiring chain, reduces the … number of hires, and also results in an elevated layoff rate. The simple hiring chain model fits the data surprisingly well. …