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vanished, (ii) the relative volatility of employment has risen, and (iii) the relative (and absolute) volatility of the real …
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vanished, (ii) the relative volatility of employment has risen, and (iii) the relative (and absolute) volatility of the real …
Persistent link: https://www.econbiz.de/10008779865
Measuring the dispersion of productivity or efficiency across firms in a market or industry is rife with methodological issues. Nevertheless, the existence of considerable dispersion now is well documented and widely accepted. Less well understood are the economic features and mechanisms...
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disaggregated employment data. Specifically, we use a stochastic variance approach on monthly employment data for the 1946 …-1996 period to highlight two stylized facts of aggregate U.S. employment - greater volatility in recessions than expansions and …
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