We provide a simple explanation for the observation that the variance of job destruction is greater than the variance of job creation: job creation is costlier at the margin than job destruction. As Caballero [2] has argued, asymmetric employment adjustment costs at the establishment level need...

ENGLISH SUMMARY: The purpose of this research is to test the rationale of corporate downsizing asa method of promoting long-term profitability in South African companies. Thisstudy is similar to that conducted by Pallian & Shalhoub (2002: 436-447) onUS-based companies.The sample consists of 58...

This article shows that job displacement rates for high-seniority workers and a consistently constructed measure of workers' fears of job loss both rose during the 1990s. It then explores the relationship between these measures of job displacement and worker anxiety and wage growth.