Centeno, Mário; Machado, Carla; Novo, Álvaro A. - 2009
turnover rates. In small firms, hires and separations move symmetrically during expansion and contraction periods, on the … contrary, large firms adjust their employment levels by reducing entry and not by increasing separations. Most hires and … separations are on fixed-term contracts and shrinking firms replace a larger share of their separations under fixed-term contracts …