Nolan, Brian; Voitchovsky, Sarah - In: IZA journal of European Labor Studies 5 (2016) 7, pp. 1-25
experienced a particularly pronounced decline in employment by international and historical standards, which makes it a valuable … an employee remains in employment, from one year to the next, is positively related to their monthly earnings during both … boom and bust. The gradient with wages, however, is much more marked during the bust and remains significantly so even …