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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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We study how human capital diversification, in the form of double majoring, affects the response of earnings to labor market shocks. Double majors experience substantial protection against earnings shocks, of 56%. This finding holds across different model specifications and data sets....
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years old) have, on average, accounted for all of US employment growth over the past few decades. New businesses are … especially important for youth employment. However, these businesses tend to borrow a lot, and the credit constraints they face …
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