, and that previous employment tends to raise the probability of subsequent employment …

Demographic differences in patterns of employment variation over the business cycle are examined in this paper. Three … in the labor market. Second, young people bear a disproportionate share of cyclical employment variation. Third, failure …

are four main conclusions. First, labor force transitions are the principal determinant of fluctuations in employment and …. Likewise, most spells of employment end with labor force withdrawal rather than unemployment. Second, traditional estimates of …