Büttner, Thomas; Jacobebbinghaus, Peter; Ludsteck, Johannes - In: Economics: The Open-Access, Open-Assessment E-Journal 4 (2010) 2010-10, pp. 1-37
The occupational skill structure depends on the business cycle if employers respond to shortages of applicants during upturns by lowering their hiring standards. Devereux uses this implication to construct empirical tests for the notion of hiring standards adjustment (the so-called Reder...