Hyatt, Henry R.; Spletzer, James R. - In: IZA Journal of Labor Economics 2 (2013), pp. 1-21
We document and attempt to explain the recent decline in employment dynamics in the U.S. We have four major empirical findings. First, each measure exhibits a 'stair step' pattern, with the declines concentrated in recessions and little increase during subsequent expansions. Second, changes in...