Fujita, Shigeru; Nekarda, Christopher J.; Ramey, Garey - Federal Reserve Bank of Philadelphia - 2007
Drawing on CPS data, the authors show that total monthly job loss and hiring among U.S. workers, as well as job loss hazard rates, are strongly countercyclical, while job finding hazard rates are strongly procyclical. They also find that total job loss and job loss hazard rates lead the business...
