friendly.’ The Paper also shows that an increase in turbulence, modelled as an increase probability of skill loss, is not a …

marked increase in structural change and turbulence, in particular since 1990. Net employment changes resulted partly from an …

and EP affect outcomes when there is higher 'turbulence' in the sense of worse skill transition probabilities for workers …

We recalibrate den Haan, Haefke, and Ramey's matching model to incorporate our preferred specification of 'turbulence … high unemployment benefits, an increase in turbulence increases the unemployment rate and the duration of unemployment …