In recent years, the rate at which workers and businesses exchange jobs has declined in the United States. Between 1998 and 2010, rates of job creation, job destruction, hiring, and separation declined dramatically, and the rate of job-to-job flows fell by about half. Little is known about the...

Trends in compensation and job quality. What do we really know about changes in wage inequality? / Thomas Lemieux ; comment: Lawrence F. Katz -- Recent trends in compensation inequality / Brooks Pierce ; comment: Daniel S. Hamermesh -- Are the new jobs good jobs? / Katharine G. Abraham and James...

Churn, defined as replacing departing workers with new ones as workers move to more productive uses, is an important feature of labor dynamics. The majority of hiring and separation reflects churn rather than hiring for expansion or separation for contraction. Using the JOLTS data, we show that...