destruction could explain as much of a third of the decline in hires and separations, while job-to-job flows may explain more of …

-third of the decline in hires and separations. Fourth, the decline in hires and separations is driven by the disappearance of …

destruction could explain as much of a third of the decline in hires and separations, while job-to-job flows may explain more of …

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 …

that while during recessions separations fall in both high-paying and low-paying firms, the decline is stronger among low …-paying firms. This is particularly true for separations that are likely voluntary. Our findings thus suggest that downturns hinder …